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Technology Stocks : p-com (pcms)

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To: Magnatizer who wrote (650)	6/12/1998 9:28:00 AM
From: Tan Nguyen	Read Replies (2) of 1461

David, A PW broker also told me about PCMS and I know for certain that this broker has more than 50% invested in PCMS. Like some of us, he is in GREAT pain but believes in their 98YE estimate for PCMS. PW have been wrong before but I believe in their research. I took a hard look at PCMS before jumping in. Even with a substantial current loss, I still believe in PCMS. Of course, there are factors outside of our control that can shake our confidence - Cendant(CD) and Centennial are good examples. But we can't let that affect our investment style. Mine? Only invest what you can afford to lose; do as much homework as you can to establish a level of confidence before jumping in; and always try your best and stick with your style. PW recommendations just allow us to quickly zoom in on certain prospects. Only time will tell. tan PS. what does "ht" stand for? And regarding your "Hmmmmmmm," sometimes I wonder the same. Is it possible that big, sophisticated players have finely tuned their financial and psychological models to incorporate stock valuation due to up/downgrades, the effect of sales, and the psychology of the average investor? BTW, where can one find comprehensive online resources on the ins/outs of TA? Thx.

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