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: joe pinto who wrote (578)	8/19/1997 12:11:00 AM
From: margin_man	of 920

Joe, PCTL opened and started selling off today. However, PCTL returned to the high for the trading day, despite of the initial sell-off. PCTL has been in a downtrend last few days. This could be a sign of bullish reversal. Confirmation for next trading day will be a higher open and with a higher close. We might see the bottom until the next earnings report. Far as I know PCTL still dominates the room system. And until their desktop system starts bring in profits, PCTL will have some tough time as they already indicated in their earnings release. Their new products coming out next year may turn things around. Good luck, Patriot P.S. Just bought some more today at 10 1/16.

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