MetroPCS Communications, Inc. (PCS)

[bowonwing]

PCS @ $10.14; Dow @ 9820. Technicals for PCS look good; MACD lines just crossing into positive territory; RSI still under 70, not overbought; crossed psychologically important $10 barrier today; Bollinger Bands still positive, remember "a move outside the bands calls for a continuation of the trend, not an end to it." Technical Analysis Plain and Simple by Michael Kahn; large 730K share block at very end of day on uptick, + $0.10 after hours.

Short-term support $9.50- 9.59, then the important $9.05. Resistance $10.71 (11/20/08), $11.67 and $12.07, Q1-2009 low. Hopefully we will fill the gap to about $12-$13, at this point we see strong resistance levels and PCS's positive fundamentals will have to power the stock price over those levels. $13.62 was Q2 low. I have PCS in may regular account and IRA account. At about $12.50 I might take some profits in the IRA account, no capital gains to worry about. Trying to hold PCS in regular account for one year + one day to get favorable long-term capital gains, but Mr. Market is the boss and we shall see.

Re: Dow. Look temporarily overbought and a pull back to current support level @ about 9250 might happen. Next support is @ about 9125, then 8800. As long as these support levels hold, we should be OK.