Xicor ? Message Board - Msg: 10253548

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Technology Stocks : Xicor ?

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To: steve olivier who wrote (2196)	6/24/1999 9:34:00 AM
From: jeffbas	Read Replies (1) of 2920

Steve, I agree with you, except I don't find the insider buying very impressive. As you know I increased my long time position back above historic maximums under 1 1/2. But I wanted to see the second quarter card before being even more aggressive. The advance has amazed me. However, you don't make money by throwing away your discipline. I also want to see Q2. I suspect that Q2 will cause indigestion in the price. The higher the stock goes the more likely that the market may look at a 15 cent loss and some nice talk as "already in the price" and sell the stock. Historic patterns do merit paying attention to. I suggest to anyone considering buying the stock to go back and line up the stock performance with the losses a few years ago, just before the move to $14. It was by no means a straight line up then. By the way, Raphael's track record on predicting gross margins stinks. I still remember last time around several forecasts that they would get gross margins up to the high 40's. They never came close.

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