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Technology Stocks : Plaintree (TSE:LAN,NASDAQ:LANPF)

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To: pjd22 who wrote (1538)3/26/2000 8:52:00 PM
From: pjd22   of 1606
 
LANPF/LAN.T Set to Breakout

Watch for things to start happening soon as the end of the quarter approaches fast. They have been focused on selling the private placement and now that it is sold out I think we'll start to see additional press releases come out....possibly on more sales, another acquisition and hopefully the anticipated profit announcement.
As well, they have been in the process of moving both companies into the Plaintree offices as well as merging their product development teams together. This will all be completed by the end of next week and will be one less distraction for the management team to deal with.

Besides, these quiet times aren't that rare, especially after a stock has had a good run like LAN did. Marketmakers were successful in shaking out the weak investors, ceasing the opportunity over the confusion from the PP announcement. They have been accumulating throughout the down trend. The relatively low volume is a sure sign of this accumulation phase. Watch for LAN to breakout. It won't be long before we see $5.

PJD22

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