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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST

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To: DJBEINO who wrote (5494)7/23/1999 7:28:00 PM
From: Norrin Radd  Read Replies (1) of 9582
 
I think this is just a temporary pull back, but I sold my remaining position on Tuesday because the stochastics were falling and the up/down volume ratio had changed direction over the last week and started to drop back a bit.

I will be watching the stochastics to see when they change direction again. We all know the fundamental valuation of ALSC is much higher, but trading action often doesn't correlate to the fundamental picture.

I also want to keep an eye on the general market, which seems to be acting a bit suspiciously as of late, although the earnings reports have contained some good news for the majority of companies. I have taken some more profits in the last few days to be able to take advantage of pull-backs, ALSC is definitely on my target list.
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