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Technology Stocks : ISSI a great opportunity
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To: Chuck Williams who wrote (458)8/12/1997 1:20:00 PM
From: JEFF CHAPMAN   of 1058
 
I guess I still don't understand what your talking about. Again, all 3 companies have broken out significantly and Micron has been in a bullish trend for almost a year. Given that ALSC and ISSI were trading below book value, any sign of a turn, which there definitely is, would cause the stocks to spike, which they have. Any pullback less than 50% of the runup, IMHO, is normal and meaningless and shorting SRAMs now would be like shorting DRAMs 8 months ago, and if you had used the same logic, you'd have been crushed...
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