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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Prof who wrote (9909)10/28/1998 12:24:00 AM
From: LTK007  Respond to of 29382
 
My 2cents on CYCH(and stock of which I know nothing)from a TA look over,is that it is in accumulation with a quite positive U/D slope--
I myself,wouldn't want to short a stock showing those signs--but
that is TA call only---and nothing else--like I say,I simply don't know the stock --Good Luck,Max



To: Prof who wrote (9909)10/28/1998 12:50:00 AM
From: Ken W  Read Replies (2) | Respond to of 29382
 
Prof,

CYCH: I'd be careful here as CYCH is an internet stock...and I'm leary of shorting them due to the volatile nature. TA wise 8.12 appears to be of some support, which it has been toying with for the last two days. FA wise, the thing sucks, as most internets do, but that seems to make no dif. to the buyers of these things.

They have 5 million more shares out than they did last year, lost more money and have more obligation to perferred share holders than ever and we know that perferred comes before common. They have debt that I can't even begin to fathom. IMO the stock is worth about .125, but I don't run the market. Anyway, if you are real hot to short the stock, I would not do it above 8 and on heavy selling pressure and then only for 1/2 to 1 point to cover.

Ken