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Technology Stocks : PMC-Sierra (PMCS)
PMCS 11.650.0%Jan 25 4:00 PM EST
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To: David GarrisonD who wrote (2979)11/21/1999 1:47:00 AM
From: Katz R Us  Read Replies (2) of 3818
 
David,

First of all, November 13 was a Saturday, so it couldn't have hit a new high on that date. I had call options on PMCS which I sold on ll/10 when the stock was at 110. It closed on Friday, 11/19 at 108-9/16. Also closed at 109 on 11/16 (last Tuesday). I hardly see this as a "downward sloping handle" (whatever that is).

Question: what does "basing for 10 weeks" mean? I don't understand the term "basing."

Barbara
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