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Technology Stocks : p-com (pcms) -- Ignore unavailable to you. Want to Upgrade?

To: Elmer Flugum who wrote (1202)	12/15/1999 8:41:00 PM
From: Brian Malloy	Read Replies (1) \| Respond to of 1461

FWIW, my quick read on the chart Resistance above is at $10-$10 3/8 basically the old highs from Jan Feb of this year. Comming out of lows from Aug stock was setting up in a triangle and basically sitting on a double top past week or so. (Though news driven based on the glow from MSFT investing in WCII, it can be the basis for renewed attention to these stocks. Value does exist here and good growth looking forward.) Stock broke above the double top and it would be nice if we could crack the $10 3/8 level on a closing basis by market close Friday to confirm. Stock has been down for over a year. Many that were holding at higher levels may have sold already or have already done tax loss selling. It is possible that overhead supply is lower than expected/near exhausted which could allow PCMS to run to the $18-$20 level between Jan-Apr '00 - after the $10 3/8 resistance is taken out. IMHO,