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Technology Stocks : PC DOCS GROUP (DOCSF) -- Ignore unavailable to you. Want to Upgrade?

To: Letmebe Frank who wrote (806)	11/5/1997 4:37:00 PM
From: Andrew Q. Viet	Respond to of 910

I absolutely don't trust that analysis. How low can docsf go? It is trading slightly above its bookvalue and it has almost U.S $4.00 in cash with no debt.

To: Letmebe Frank who wrote (806)	11/5/1997 5:34:00 PM
From: Sultan	Read Replies (1) \| Respond to of 910

If I start following this kind of analysis, am not sure what my results will be but I am long DOCSF and intend to hold my substantial position. I'd rather do my own thing (Over the last 7 years, avg. annual return of 30+%) then follow some mechnical system that analyses every stocks probably the same way.

To: Letmebe Frank who wrote (806)	11/5/1997 5:42:00 PM
From: micromike	Respond to of 910

Two things that Vectorvest is missing. 1. 95 Million CDN in cash. Still waiting for them to do something with it. 2. I previously posted some law firms than plan on spending some big bucks in 1998 for new products from PCDocs and MS. Mike

To: Letmebe Frank who wrote (806)	11/5/1997 8:09:00 PM
From: Don Kelly	Read Replies (1) \| Respond to of 910

Re: Vector Vest TA IMO, Vector Vest reports can be useful but are based on rigid formula computer analysis that may be more applicable to "widows and orphan" stocks than high growth tech stocks like DOCSF. Here is some old, but human, technical analysis from October 23, the day of the earnings announcement. The author, who has an excellent track record picking stocks, posted this in another public forum. I don't have his permission so I won't mention his name. My main purpose in posting this is to illustrate how "news," such as earnings reports and 500 point market corrections, is "chaos" for even the best chart readers. So do your own research and make your own judgement about whether the triangle do-hickey still has a chance to reach the apex thingey, etc. ------------------- "This stock came to me by capturing a spot in the highest % gain category. From a high of 25 in June '96, DOCSF had been in a downtrend until April '97.ÿ After bottoming out at 5, she's been engaged in a symmetrical triangle.ÿ A second bottom area was established around 5 3/8 on 7/14 and was quickly retested on 7/22.ÿ Volume inside the pattern has been very bullish, with high volume buying and an ebb of turnover to low levels, causing downside trending.ÿ Today, on volume almost 200% above average,DOCSF broke through the triangle to the upside.ÿ The breakout becomes rather impressive when coupled with the fact that it was achieved on a (down) day like today.ÿ STOCH had issued a buy yesterday,and MACD issued a definitive buy on 10/13, and reaffirmed on 10/22.ÿ ACC/SWING confirms breakout from a rising channel which barely resembles a symmetrical triangle.ÿ Money Flow shows a huge divergence from On Balance Volume, with OBV lagging behind and turning to the upside.ÿ The upward bias in the chart implies that OBV will catch up to Money Flow via strong accumulation since Money Flow is pointing straight up.ÿ Acc/Dist also confirms pattern breakout, with the recent April high being taken out with todays action as well. Volatility is rather high, which creates the possibility of a retracement to the top line of the triangle which should equal 6 5/16.ÿ HOWEVER, it is feasible to assume that the 6 3/8 high of Oct. 14 will provide downside support, thereby intercepting the stock before she reaches the triangle.ÿ Therefore, we will be buying on a dip to ~6 3/8.ÿ I am rather sure that when the offer hits 6 3/8, the bid will be 6 5/16 anyways. It's been difficult to find winners lately, but this is the one I've been looking for."ÿ