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Technology Stocks : Phone.com [PHCM]
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To: ynot who wrote (688)11/1/1999 5:56:00 PM
From: Paul Viapiano  Read Replies (2) of 1080
 
I posted this over the weekend on YHOO's PHCM board...pretty prescient thinking re: the Japan comments in light of the news today, don't you think ;)...
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It is so obvious that you guys are all out to tank this stock. The secondary didn't cause the rupture you thought it would and your fundamental and technical reasons are flawed.

It is time to cover, folks...this is just a normal pullback in a long bull cycle for PHCM. The opportunities are endless and the cell phone has become the center of the mobile person's universe.

I've just visited Japan where almost every single person is on the phone walking down the street. They have the most amazing little phones there with gadgets that only we can dream of. They're using all these services today and they are insatiable.

PHCM has an office in Tokyo as well. They know where the action in cell phone business lies.

Today it's email, stock quotes, sports scores, etc...more announcements are in store.

In the meantime, the split is in 12 days and the short cover rallies are sharp and severe.

The split should hold down the volatility to some degree, but that's what everyone kept saying about AMZN and YHOO, too, and they still have very heavy multi-point days.

ALso don't forget that the market makers are natural buyers of a stock on the way down and sellers on the way up. You want to play on the same side as they are, believe me.

Good luck all...
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