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Technology Stocks : Alliance Semiconductor

ALSC 0.810

0.0%

Jul 10 5:00 PM EST

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To: Epics who wrote (2043)	11/26/1997 6:35:00 AM
From: charles j. aaron	of 9582

The 90 day moving average just crossed the 200 day. ALSC just set a new 52 week low. Over 2/3 of the dram/sram makers were even or up yesterday. ALSC lost the largest percentage of all. I've lost a pile of &&&& on this one too. When you add up all the news and the way this stock in particular is acting, it doesn't look good. I believe it must have been a mutual fund that dumped the shares yesterday. ALSC had very good support at 6 1/2 but a huge sale came through and dropped it to 5 13/16 almost in a matter of minutes. The question is how long do you hold a stock like this? Opportunity costs eat you up so you can loose two ways. I have been checking with a broker at Josephthal and he said it looks very bad for ALSC technically. MU on CNBC is accusing Korean Dram makers of dumping chips on the market. This is another factor that doesn't look good. Samsumg, Hundai have 35% of the market in Korea. Formal charges submitted by SEC are coming soon. Dell and others like them will benefit a lot. Can someone do some more homework and find out why ALSC seems to be singled out in this decline? Somethings up and knowone is talking yet.

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