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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum
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To: Smart_Money who wrote (548)1/4/2001 3:05:41 PM
From: Jenna  Read Replies (1) of 6445
 
PMCS marketgems.com PMCS short called early this morning.

2> PMCS PMC Sierra Price 80 7/8
Look for a short play as it moves below 78 3/8.  Wait until the 9:50 to 10:00 period to see if there is a change of trend because moves at the open often change direction in the 9:50 to 10:10 reveral period and by 10:00 you get a good indication of where the stock is moving.  If PMCS moves up and the nasdaq nq's are stable, it might be a long play but with a P/E of 169, it is more likely to be a short play. 
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