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Technology Stocks : CyberShop International, Inc. (CYSP) -- Ignore unavailable to you. Want to Upgrade?


To: AugustWest who wrote (383)11/11/1998 5:07:00 PM
From: J. Stone  Read Replies (1) | Respond to of 884
 
Sold my CYSP today, for a number of reasons...

1) I bought a couple of weeks ago at $4 and change, so it was profit time;

2) CYSP formed a reverse goalpost formation today, indicating that the stock will be down tomorrow.

The Internets sold off hard today. My experience tells me that once the first-tier Internets start trending down, the lower tier stocks will soon follow.

Also, briefing.com did a negative piece on some Internet highflyers today (noting CYSP as a good short candidate).

regards,

JS