Stock to watch tomorrow : PMCS

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Wednesday, December 20, 2006

Stock to watch tomorrow : PMCS

Chart courtesy of stockcharts

PMC Sierra cuts Q4 sales target due to slower demand for its chips used in high-speed Internet networking gear and data-storage equipment, the company have announced after the market close. The chart doesn't looks good for Bulls, the stock has broken down an important support at 7$ yesterday, and this support becomes today the resistance area. Next support is now near 6.50$.

That's all. Have a nice evening !!!

AC

Labels: PMCS

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I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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Disclaimer: I am a 48 year old Independent Trader using propriety technical analysis with more than 20 years experience of investing in the stock markets. I started this blog in 2006 simply as a way to share my thoughts on the market.Please keep in mind that My blog contains only my personal opinion and is provided for informational purposes only, and no mention of a particular security constitutes a recommendation to buy,sell, or hold that or any other security. My past results are not necessary indicative of future performance.Any trades or investments are committed at your own risk. I am not a professional money manager. Always consult your broker for any of your investment decision.Trade at your own risk. All opinion in this blog is intended for educational purpose only and AC Investor is by no means liable for any potential damages that may be incurred from this information.Trade at your own financial risk as I assume no responsibility for your investing decisions in the markets.

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Wednesday, December 20, 2006