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Technology Stocks : Atmel - the trend is about to change
ATML 8.1400.0%Apr 12 5:00 PM EST

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To: Ian@SI who wrote (11900)10/20/2000 12:22:48 PM
From: Bosco  Read Replies (1) of 13565
 
Hi Ian - you sez "Or was ATML supposed to gap up from 12 to 60 in a single trade?"

I ve no problem with that, do you <VBG>? Seriously, I was all tapped out by the time ATML bottomed out in sympathy with the general mkt, and I agree, the stock will take some effort to repair the technical damage, but I am confident that people will see how bright her business outlook. I couldn't care less if the traders waiting for the mutual managers to decide. I prefer the latter to take their time to commit themselves. Once they decide to commit a position, they don't nickel and dime, and the breakout will be swift and likely to catch people off guard. Since I am not a trader and I don't have the trader's tools, like Level II etc etc, I take my stand and wait for the fund mgrs to bite --- and when they bite, the traders will follow!

best, Bosco
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