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Technology Stocks : FileNet (Nasdaq: FILE) Time to Short? -- Ignore unavailable to you. Want to Upgrade?


To: JSB who wrote (2)12/12/1998 5:27:00 PM
From: Evan Dimmer  Read Replies (1) | Respond to of 12
 
this isn't just TM, everybody thinks it is......but it isn't.

CBSM 12/11 12:29

[XTR] FILENET UP 13% ON 3X VOLUME; ANALYSTS CITES 'INCREASING
CONFIDENCE' IN TURNAROUND.

i wouldn't short it....don't fight the analysts.....



To: JSB who wrote (2)12/12/1998 8:42:00 PM
From: CoffeePot  Read Replies (1) | Respond to of 12
 
FILE is being pumped and the dump will soon follow......the question is how soon. Just take a look at the 5 day trading chart for FILE.........mysteriously enough volume spikes on late Thursday/early Friday quote.yahoo.com .....I'm surprised FILE didn't move up further on Friday's volume....chances are we'll see a lower trading volume in FILE on Monday since most of TM's followers have already taken positions......many at higher prices that Friday's close......Monday's volume will tell the story.....but it looks like a P&D to me.

CP