SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Technical analysis for shorts & longs
SPY 692.27+0.3%Jan 15 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Clint E. who wrote (22177)7/20/1999 1:35:00 PM
From: Johnny Canuck  Read Replies (1) of 69804
 
Clint,

It looks good on the 60 and 15 minute charts for a reversal now. This is a pure momentum stock though. PMCS can only grow revenues at a maximum of 50 percent due to the shortage of engineering talent. EPS will grow slightly north of that number. I-Watch show that institutional buyer have a slight edge today despite the drop in price. They had a good conference call. Increasing design wins. They anticipate that all telecom companies will eventually outsource their silicon. That is a 20 billion dollar a year business. Two analyst have a 90 dollar target as of July 16,1999.

Edit: SP500 index still looks bearish here. It attempted to rally a few times but the selling continues. I would like to see the 5/20 EMA's cross on the five minute chart before looking for any longs.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News