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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?


To: Nancy McKinney who wrote (22806)6/17/1999 3:35:00 PM
From: Magic RN  Read Replies (2) | Respond to of 29386
 
Nancy:
Do you have any idea what ANCR could go to on this run?
Am looking at PMTC.
With your record of only losing 300 in the market I like your gut.
Carole



To: Nancy McKinney who wrote (22806)6/18/1999 1:10:00 AM
From: Dennis J.  Read Replies (1) | Respond to of 29386
 
Nancy,

PMTC: In tonight's newsletter from a service I use, it was called a top choice buy. If I were owning it, I would love to hear that.

I just looked at the point and figure chart for PMTC, and it is sitting at a triple-top, and right at the bearish resistance line (BRL). A breakout to 15 and above would be bullish, and a break-thru of the BRL would classify it as long-term bullish, with a new bullish support line (BSL).

So, in my opinion, hang in there or buy some more. And remember, I could be wrong.