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Technology Stocks : Computer Network Technology (CMNT) -- Ignore unavailable to you. Want to Upgrade?

To: swisstrader who wrote (538)2/1/1999 9:23:00 AM
From: swisstrader  Respond to of 750
 
Briefing.com BUY recommendation today on CMNT:

o Computer Networking Tech (CMNT 12 -15/16) coming back into buy zone, after pulling back sharply over past several sessions on "sell the fact" reaction to good earnings number... Support in the 12-11 area.



To: swisstrader who wrote (538)2/1/1999 9:47:00 AM
From: Carl R.  Read Replies (1) | Respond to of 750
 
I was just surprised to see it on the 70% margin list, and unlike many of the internuts, this company has some earnings to back up its stock price. There are plenty of other thinly traded stocks around that aren't on the list.

The bump in margin requirement could have explained some of the weakness last week, and could also explain some this AM, but the effect should be short lived. Still I think the stock is bottoming here.

Carl


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