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Technology Stocks : Spectrian Co. (SPCT)

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To: Quang Nguyen who wrote (623)1/29/1998 4:17:00 PM
From: Jim Goodman  Read Replies (1) of 738
 
to sam # 617, Quang, et al: I am known as a VG technical trader, and I recently added SPCT around 17, as another depressed "PSYCLE sm" tech ind. buy, with a close stop below, based SOLELY on it's technical chart pattern ....going back decades, I found fundamentals not to be of much "timing/future stock price" help, the way 95 % of all people try to employ those kinds of factors, going back decades of study, but,
was respectfully wondering, given PWAV up from 9 to 14 all of a sudden, what SPCT and PWAV do have in common, because, technically SPCT also shaping up, in a normal depr. S.T. base down here, with negative sentiment (hence, bullish, dig ?) and tons of cash with no debt, which I like....but I do not "do" fundamentals/news/scenarios ....any bounce in SPCT should be of technical nature only from here, but it does look right, and has not bounced yet, as many other depr. tech. stocks I have given out, have done, recently, so SPCT may also be due....hope this helps, and thanks for any salient "comparisons" of PWAV and SPCT that might help the cause....best wishes,
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