Johnathan Doe's Tech Stock Observations Message Board

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Strategies & Market Trends : Johnathan Doe's Tech Stock Observations

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To: Johnathan C. Doe who wrote (5)	1/8/2001 6:36:18 PM
From: Toby Zidle	Read Replies (1) of 11

Jonathan, I bought PMTC because last Wednesday's Close was finally the highest since the huge drop in early April. Thursday's move above $15 confirmed the direction and so I got in. I rarely set price targets, but one would have to set a resistance level from the pre-drop chart in late March. $25-$28. That's a 67%-85% move. On the downside, I put my 'alarm' value at $13 3/8, the support level from right around New year. NEON gapped down below any support on high volume today. That's really a tough technical sign. It's likely to be a better short than a long, unless you know some specific information about why such a drop should be invalid. NEON is not on my radar screen any more. FFIV and CFLO aren't in my tech stock database. TWA tweaks my interest today in light of a possible AMR bid for it. TWA didn't trade today. I generally don't get into merger plays that have hit the press. Much of the potential profit is already priced in by the time I've heard of it. But TWA may be different. I haven't done my homework yet. Because of the potential bankruptcy of TWA, a rescue deal may screw the shareholders. I'm just expressing an interest, not a recommendation.

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