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Technology Stocks : Semtech (Nasdaq:SMTC)
SMTC 71.88+2.8%Nov 7 3:59 PM EST
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To: Si_Detective who wrote (1069)3/15/2000 11:45:00 AM
From: The Ox  Read Replies (1) of 1225
 
As long as your risk tolerance is high, than I believe this is a great place to park your capital. The stock has soared over the last year and a correction was bound to happen. Now, the key becomes where the buyers start pouring in. My guess was the 55-57 range, as thats where my charts were pointing as the strongest support. With the talking heads all crying overvaluation in the semi industry we may see more weakness.

I see it as throwing the baby out with the bath water.

Good luck,
Michael
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