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Technology Stocks : PictureTel (PCTL) -- Ignore unavailable to you. Want to Upgrade?

To: StormRider who wrote (746)	4/22/1998 2:01:00 PM
From: General Crude	Read Replies (1) \| Respond to of 920

Don't know about technicals for this stock but do know that it has been manipulated a lot in the past. Management has not been friendly to small shareholders. Just be careful. Earning due out Thursday. I switched out of PCTL into VSVR today. Don't know if that is smart or not. What worries me about PCTL is that its systems are expensive. A friend of mine who has a retail computer business says that desktop v/c should work once INTC introduces a 1 GHZ chip late this year. WANG LABS ruled expensive word processing market until PC could do the same for a lot less. WANG went from 40 per share to pennies and went Bankrupt. VSVR should do well if desktop V/C becomes a reality. Good Luck. Doug Doug

To: StormRider who wrote (746)	4/23/1998 11:25:00 AM
From: General Crude	Read Replies (2) \| Respond to of 920

PCTL's earning are out. Met expectations of -0.06. Where does stock go from here? Is it a buy, sell, hold or short? I sold yesterday at 8 7/8. I'm almost tempted to short it, although I rarely short. Any comments appreciated. Good Luck. Doug

To: StormRider who wrote (746)	4/27/1998 3:59:00 PM
From: Jim Goodman	Read Replies (1) \| Respond to of 920

sorry, but as I intimated in my 4/17 post, I sold all PCTL at $ 9+ Friday, at its S.T. resistance....sure, after a pullback, maybe I will watch it, but, I was also seeing many other "bouncing techs" run into S.T. resistance, and have been sharing many Puts, on many extended stocks, so took the profit in PCTL (paid $ 5.93 on mgn.) and ran.... best wishes, I agree, PCTL is a decent company, but I have no attachments, and i do very few fundamentals, as you know, so, take care, and keep in touch, but I did sell into the expected rally...