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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: Ron McKinnon who wrote (4290)9/2/1998 8:11:00 PM
From: ron delany  Read Replies (1) of 6565
 
ron, dan, and other worried longs

Re: price move tomorrow. if this stock goes up tomorrow it seems it could be called completely sold out and therefore would be a great buy in my opinion. Invulnerable to bad news and all. Plus with all that cash and if they can hold out till the next upswing. Of course it's probably going down and eventually out. (below $5 it's no longer marginable and below $10 the institutions won't buy it, plus they'll be burning through that cash trying to stay afloat and the fab might not fetch what it's valued at in a liquidation.). But a move up tomorrow would convince me to get in that's for sure. If long I definitely would not sell on a move up. I'd sell a collapse though. Take your losses with grace. Go short if you want to recover something. Remember that bankruptcy is always possible unfortunately.
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