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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ken W who wrote (23361)	1/16/2001 1:35:59 AM
From: Jibacoa	Read Replies (1) of 29382

Ken: PCOM:There was a good comment on CBS Market Watch on Dec.27: www2.marketwatch.com They said the 4Q could top estimates. According to the company, as a result of "strong order visibility" and improved execution, revenue for the period is expected to "meet or exceed" previous projections. P-Com is slated to report full details on its quarter in late January or early February 2001. As you probably recall in the second 1/2 of 1999 the stock traded between a L around 3 5/8 and H of 8 until it started to up-move in the first week of Jan. last year from 10 up to the March H of 28 1/2. Since the up-gap to 2 5/8 at the start of the trading on Dec.27, the stock has remained on an up-trend on the 60 minutes chart.(It did not break the trend with the test of support on the temporary dip on Jan.5,8 & 9)and it held well last Thursday and Friday, closing at the H of the day for the 3 day week-end. The money-flow has also turned positive since Jan.9 and IMHO it seems now ready to test resistance at the 5 to 5 1/8 level.That would be + 31.23% from present level, if it happens this week, for an annualized ratio of + 1500%, (not bad)<g> It looks good to me. RAGL Bernard

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