Xilinx (XLNX) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Xilinx (XLNX)

XLNX 194.92

0.0%

Feb 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Thomas G. Busillo who wrote (1191)	5/8/1997 7:55:00 AM
From: Thomas G. Busillo	of 3291

Correction: Cap gains cut "moderately bullish" until effective date is set. Apparently Trent Lott made a statement yesterday ATB that any cut in the cap gains tax passed this year would be effective for sales made after May 7, 1997. The news appears to have caught the market a little by surprise, as losses late yesterday afternoon looked to be fueled by rising bond yields (6.96% from 6.88%; weak ten-year auction) and sell programs and not any "premonitions" of an impending announcement out of Washington (acc. to the WSJ). So it looks like today will be the first session with that added into the equation... As far as the respected technician's "breakout" call on XLNX, I'd be very surprised to see it hang above 55 for long. Not saying it can't happen, but I think it stands a greater chance of hitting 51 before it hits 59. I would imagine that the global billings report, which I interpreted as showing some "strength" in proprietary chips, hasn't hurt XLNX, ALTR, etc., but relative strength and absolute strength are two different things. Good trading, Tom

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next