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Technology Stocks : Semtech (Nasdaq:SMTC)
SMTC 72.21-4.1%12:27 PM EST

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To: John Morrison who wrote (960)12/29/1999 9:17:00 AM
From: Stu Bishop  Read Replies (2) of 1225
 
John and Jeff,

Can you please explain where you're getting your short term price target of $70-75? If it's just a hunch, that's fine, but I'm curious if some technical analysis led you to this result. It's true that SMTC made a big run from late October to late November, but that was an unusually large rally compared to others in the last six months.

Thanks very much.

Best of luck to us all.

SPB
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