PictureTel (PCTL) Message Board

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Technology Stocks : PictureTel (PCTL)

PCTL 0.0001000

0.0%

Aug 4 2:00 PM EST

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To: Bosco who wrote (530)	7/14/1997 2:56:00 PM
From: Brad Rogers	of 920

History repeats itself. Very simply, pctl operates in a cyclical business. There was a similar swoon 3-4 years ago when the stock went from the 40's to the 10 area, which was the bottom then. The company has said that growth will resume in a few quarters. But the market always looks ahead. Yes, the stock is under accumulation. Also, important downtrend lines appear to have been broken. Anyway, I don't believe my own luck, but I'll take the back pats today. Even got one of my buddies in on this thing at 9 3/4 this morning as well.

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