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Technology Stocks : Actel [ACTL]
ACTL 0.00010000.0%Jul 16 9:30 AM EST

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To: Stephen M. Neal who wrote (259)7/3/1996 2:33:00 AM
From: Joseph wang   of 674
 
what's surprising is that its only $2.xx somthing on the strike price
of $30. For an October contract...that's pretty good.

From its current price of 30, it may not be that attractive, but
from the looks of the market, ACTL's overall performance this year
has been pretty good (considering alot of us accumulated shares at
$11-14). Definitely last week's weakness in the market was a really
good opportunity to buy (16 1/2 - 3/4 seems to be a good support level).

The only concern I have is the industry as a whole, I think the reign
of ALTR is definitely over. I think AMD's FPGA business is what is
keeping it alive (since its K5/K6 is almost dead). AMD has a good
chance right now -- that is if it doesn't get bought out.

Price erosion has definitely slaughtered stock prices. This trend
resembles the early eighties when memory prices plummeted.

ACTL is a good buy at $16-18.
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