S3 (Multimedia semi's place 2be) Message Board

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Technology Stocks : S3 (Multimedia semi's place 2be)

SIII 0.0001000

0.0%

May 12 5:00 PM EST

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To: Mr.Creosote who wrote (7864)	2/14/1997 3:18:00 PM
From: Stephen M. Neal	of 9477

It had been a problem for me also, John. Several times I put the wrong charts with the wrong symbols when updating. I wanted some different opinions on the SIII chart to see if anyone agreed with me. I like this type of pattern. Some call it a "falling wedge". You can look back on the chart and see a similar, albeit, larger one. If there is an upside breakout on big volume, the rally will normally take out the previous high. In this case about a 26% return. Several people pointed out 19 as the level to watch, and in this I concurr. It is also possible for one more pullback to 16-17. In any case you have to wait for the breakout on big volume to get confirmation. That is why I have this stock on a "watch" list. It looks like it is getting ready to go, but it is not there yet. S3 is a 30% grower with a PE of 19. 28 looks like a valid price for this stock IMHO. Ciao, Steve

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