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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (332)	11/19/1997 11:01:00 AM
From: Alfredo Nova	Respond to of 1250

Jeff, you got my point. However, I am not very knowledgeable about the technical analysis. A broker which I respect very much, who buy and holds really long term only excellent companies says that technical analysis is garbage. He works at a very respected regional firm and is one of the most competent (and honest) brokers I know and work with. I went to Barnes & Noble and bought 2 basic books about technical analysis, so at least I know a little what everybody is talking about. In reading the excellent book by O'Shaughnessy, What works on Wall Street, I got the point that the Price/sales ratio is the most important element. Even better when a low PSR goes with a high relative strength. In ACTM case, they sell $29 a share of goods, they have been growing like crazy. I bought some more at 14.5 Monday. Time will tell. regards, Alfredo