Can't Tell for ETEL

Etelecare. Just like PSPT, ETEL is another BPO company whose major operation is located in the Philippines. My review of its chart shows that it has broken down from its descending triangle formation last Feb. 22. when it reached a low of $7. It currently trades around $6.37. Support is virtually unknown. However, looking at the chart, I see this heading down to a target price of around $3. This would have been a good shorting candidate. For those looking to go long on this issue, I say avoid this for now.

Will Support Hold for PeopleSupport?

Exactly a year since PSPT had a major gap down in its stock price, today's action shows PSPT gaping down again. From it's previous day's close of $11.40, it opened today at $8.11, further dropping to a low of $6.77 before closing at $8.20. A close look at the chart though shows that today's closing sits along PSPT's support line. However, that having been pierced during the day with huge volume, the support line is now in suspect and could turn out to be the new resistance, a role reversal. Given that PSPT is considered as one of the leading BPO companies operating in the Philippines, will other BPO stocks like ETEL, PAX, or even IP be affected by this recent price action?

By the way, its stock price now is less than 50% of what IP was offering just a couple of month's ago. I wonder how shareholders are feeling about this.