Watch PLASMAN (PLM)...

Max Damage

Member
83 0
Is this the strongest looking share on this market at the moment or what?

Another announcement today and more strong buying

Plasmon PLC
14 February 2001
Plasmon in agreement with onstellation 3D, Inc to develop FLUORESCENT Multilayer Disc manufacturing Processes

Plasmon, the Cambridge based data storage company, today announced an
agreement with Constellation 3D, Inc ('C3D' - Nasdaq: CDDD) to jointly develop
manufacturing processes for the mass production of C3D's Fluorescent
Multilayer Disc ('FMD') optical media. FMD disc technology delivers
significant increases in data storage capacity through the use of C3D's
patented multilayer fluorescent recording technology.

Under the agreement, Plasmon and C3D will collaborate to develop a volume
manufacturing process for FMD media. It is envisaged that this partnership
will result in the establishment of the first pilot production line for FMD
media at Plasmon's optical media manufacturing facility in Cambridge.

Plasmon is a leading manufacturer of optical storage systems and has over 15
years experience in the development of recordable optical disc drives and
media. It has commercialised multiple optical media products and processes,
including a market leading pthalocyanine CD-R dye system.

C3D are the developer of FMD technology and hold over 60 patents in the field
of optical data storage. Using fluorescent recording technology, C3D have
already demonstrated optical discs with 10 layers of recorded data, compared
with the 2 layers possible for current reflective optical disc systems. C3D
has laboratories in California, Israel and Russia and is headquartered in New
York.

Nigel Street, Chief Executive of Plasmon, said:

'C3D have demonstrated multi-layer readout using their unique FMD technology
at a level that is significantly greater than the 2 layers achievable with
current reflective recording layers. Our collaboration with C3D will focus on
the industrialisation of the production processes, providing future
manufacturers of FMD discs with efficient, low cost and durable mass
production techniques.'
 

Riz

Experienced member
1,266 5
no obstacles on the way up..

Thanks Max...

PLM broke all resistance levels on the way up from 117 to 145..proving the recovery was for real and not just a technical bounce...now is the time to fill the gap between 145 and 210...no resistance levels while doing that...this of course doesn't mean we shouldn't expect retracements.. stochastics already at the overbought area...sharp price movements might occur once the markets settle...and all positive news sink in...

good luck

(no financial advice intended)

rizgar
 

Riz

Experienced member
1,266 5
We watched PLM from 110 to well over 150..they then started going down all the way to 83...after announcing their results, PLM started another upward from 92...at 99.5 currently, they still promise a lot...chart looking ok with RSI and stochastics signalling further bounces...have a look at this comment by citywire:
http://www.citywire.co.uk/alert/default.asp?vid=29202

I think I'd better start to rewatch PLM as of tomorrow...

Riz
(no advice intended)
 

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Max Damage

Member
83 0
Definately worth watching as the PE allows some recovery without over pricing the shares on fundementals
 

Riz

Experienced member
1,266 5
Ended the week at 104..

IC recommended buy
"Plasmon's shares have had a torrid time since we recommended buying them at 267p (18-8-2000). Although the company is not without risks on an undemanding forward multiple of seven the shares have enough upside potential to remain a buy."

Riz
 
 
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