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Technology Stocks : PMC-Sierra (PMCS) -- Ignore unavailable to you. Want to Upgrade?

To: DavidG who wrote (1734)5/26/1998 3:43:00 PM
From: Estephen  Respond to of 3818
 
When it gets to 37 buy big!



To: DavidG who wrote (1734)5/26/1998 3:45:00 PM
From: Charles Skeen  Read Replies (1) | Respond to of 3818
 
Re: <<short term weakness>>

PMCS crossed the 50-day EMA at 42 and 100-day at 40. Approaching 200-day at 36. However, support in the 37-38 area is likely. I will probably go long tomorrow to play month-end market strength. Comments?

Charlie.



To: DavidG who wrote (1734)5/26/1998 4:04:00 PM
From: Bulldozer  Respond to of 3818
 
I cannot find a single reason for this weakness except for possible investor perception of a slowing economy translating into slower technology infrastructure buildout (notice I said perception - which often trails reality(. The techs are in a short term (so far!) bear market and unfortunately, PMCS is going along for the ride.

Bulldozer


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