MetroPCS Communications, Inc. (PCS)

[bowonwing]

PCS @ $6.35. Broke through $7.35, $7.12, 7.00, 6.62 and 6.40 support levels on heavy volume today.

Next support is 6.21 and $5.97. Interesting to see if PCS can hold $6, is so, we start the path back up to the huge $7.72 and $8 resistance levels (which are what PCS just bounced off of), with only $7.53 to be added to the support levels broken today on the way down to the $6.35.

Lets see where PCS closes at the end of the week and the end of January, which, IMO, will tell the tale on the new pricing structure and "margin squeeze," remember $6.35. Then in February, Q4-2009 earnings, which will shed some light on this roller-coaster ride. Crikey, still, a bad day at Blackrock.