ARM Holdings (Advanced RISC Machines) plc. Message Board

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Technology Stocks : ARM Holdings (Advanced RISC Machines) plc.

ARMH 67.77

0.0%

Sep 6 5:00 PM EST

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To: catherineiw who wrote (103)	3/18/1999 1:36:00 PM
From: James C. Mc Gowan	Read Replies (1) of 912

catherineiw: London prices down today, off 2.69%, so to a degree, the Nasdaq ARMHY price follows There has been so much good news on ARMHY recently, capped by the recent announcement of 4 for 1 split that some profit taking and retracement is inevitable. Peeking at a chart, I see 13day EMA at about 124; today's low at 127. Very strong chart with MACD over the top, but stochastics are in very overbought range, too. Maybe needs a little time to digest all the rapid gains Now that you've brought my attention to it, think I'll put in a GTC limit order at 125 and see if I can get more at a bargain Notice a pattern with internet stocks recently, where they run up strongly into split date, so if ARMHY follows, we'll likely see higher prices after any consolidation here. Good luck vocex

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