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

To: Alfredo Nova who wrote (334)	11/19/1997 11:40:00 AM
From: ivan solotaroff	Read Replies (1) \| Respond to of 1250

Alfredo, Cool. The premise behind TA is simple: That the "fundamental information" the lay investor is privy to is, quite possibly, worthless in anything but the very long term--for the simple reason that by the time they get it, the "smart money" has already factored this info into the stock price, and it's too late for the lay investor to act. This being the case, the technician begins from the premise that only the market itself--namely the price per share and the volume of shares traded in a given period--can tell you what the "fundamental" value of a stock is at any given point. After years of such analysis, technicians have learned that this method of valuation is quantifiable, and in many cases, repeatable, in certain well-known patterns visible on the chart of a stock's price performance: the head-and-shoulders pattern, the cup-and-handle, etc. These analyses can seem like tea-leaf reading to those who like to say, "I've never met a rich technician." However, the capacity of certain individuals to detect trends and feel for implosion points can be uncanny. Just go to the search area of Stock Talk, type in "56", and you'll get to meet some of the best in the business. Look forward to seeing you there. Ivan PS: I'm dying to get into ACTM, but I just can't bring myself to pull the trigger with no volume like the last few days. I'm reading the 10Q, will go on to the 10K, etc., but would appreciate your reasons for getting into the stock. PPS: I agree that price per share is more important these days than EPS. I've been feeling that very strongly for almost a year now.