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Technology Stocks : ARM Holdings (Advanced RISC Machines) plc. -- Ignore unavailable to you. Want to Upgrade?

To: Tan Tran who wrote (173)	7/4/1999 11:56:00 AM
From: Paul Oberlin	Read Replies (1) \| Respond to of 912

It is Gary B. Smith's column on technical analysis. Readers write in and ask about charts for stocks. This guy wrote re ARMHY. Here's the text. A picture of the chart dated 6/29 accompanied it. As I said. short piece. >>>In the ARMHY Now Gary, I have been holding ARM Holdings (ARMHY:Nasdaq ADR) for a couple of months now due to its emergence in the imbedded-processor high-stakes technology. The company recently got a big license from Lucent (LU:NYSE), and Intel (INTC:Nasdaq) is using the StrongARM technology now. The chart appears to have finished a classic pennant formation off a big spike to 39. It bounced off the end of the pennant like the champ it is. By looking at this chart, do you see more upside without more major consolidation first, or what? -- David "Trenchrat" Gordon <<< His answer was: "...now it looks like a tiny pullback, and Dave, it should be a quick move up again!" I thought it was interesting that the stock gapped up after this article. Obe