Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CBTSY -- Ignore unavailable to you. Want to Upgrade?

To: 1-DAY-TRADER who wrote (54)	9/28/1998 5:02:00 PM
From: NASDBULL	Respond to of 454

I think CBSTY will open anywhere from $1-$3 higher. Longer term it is hard to say where it will trade. I would think between $16 and $25 over the next couple of months. Fundamentals look good, but stock was pretty expensive three weeks ago and even at the current price it sells for about 4x book. Expectations for the next quarter aren't clear quite yet. They didn't capture a $5-6 million dollar order that probably would have equated to about .02/share in earnings, which will be announced on October 15. I believe this is an oversold situation and stock will gap up in the morning. however, I would imagine there are several margin calls out there. Today was quite awful. I think it wouldn't have been so bad if news had been released before open. The halting of the stock caused a lot of panic. Stock opened and people sold. A lot of large sellers. Tomorrow will be up! NASDBULL