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Technology Stocks : Phone.com [PHCM]

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To: ynot who wrote (248)8/13/1999 6:35:00 PM
From: h.l. meeks  Read Replies (2) of 1080
 
Short---- on technicals? Not me. I'm long to the teeth, from $94. The stock broke out on record volume on Thursday, and tested the old intra-day high today. Volume was light. I expected more profit taking today after a great 3 day move. Hardly anything. Nobody's selling this stock, not before it makes another nice run up. 13DMA has turned sharply upward. This market is still full of shorts, and the float on PHCM is around 4M shares? A positive press release, or upgrade on Monday could squeeze this one to $140, easy.
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