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Technology Stocks : ISSI a great opportunity
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To: country boy who wrote (910)12/29/1999 1:31:00 PM
From: J. Plesha  Read Replies (1) of 1058
 
I know it seems like alot but one shouldn't buck a trend. If your hedging against a market downturn that seems reasonable but if it purely from the valuation of the stock I would reconsider. Technically the old high was 54 ish. there is really not very much standing between here and there. Technically speaking. Fundamentally as with most chip stocks in a upward chip cycle they are pretty explosive. I've been through this before and believe me this ain't nothing yet. If this a true upcycle then the analysts will consistently under guess the chip stocks performance for awhile. This gives them alot of upward momentum. The old chip down cycle was so long in recovering alot of these chip stock prices were artificially low. Hence why you might feel a little (maybe alot) queasy with the price of the stock.
As always this is not a recommendation to buy or sell. And of course this is IMHO.

Take care,

Joe P.
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