Spectrian Co. (SPCT) Message Board

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Technology Stocks : Spectrian Co. (SPCT)

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To: Leo Francis who wrote (187)	8/24/1997 2:20:00 PM
From: Johnny Canuck	of 738

Hi Leo, I hope you don't mind me jumping in here.John is talking about the Balance of Power indicator that is unique to TC2000 I believe. It is similar to OBV in that it uses end of day data to show buying and selling pressure. Like any indicator it is not accurate all the time. Worden Brothers does not tell you how it is calculated, so I usually only use it as third or fourth level confirming indicator. John is correct that this indicator is showing selling pressure, but I would not use this as the only indicator as I have seen this indicator not work before. My own techical read is that this stock is in a consolidation pattern right now and can go either way. It has a long way to fall if they have some bad news ,so some protection might be in order in the form of puts in this current market if you are sitting on large gains.I agree about your estimate that it's fair value is $52 based on the current estimates of this years earnings though. This is the about level of the high it reached in 1995 so there should be some strong resistance there. Do you know what happened back in 1995 when this stock gapped down dramatically? I don't have a good feel for the management right now how shareholder friendly are they? Regards Harry

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