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Technology Stocks : SMSC Standard Microsystems

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To: Jim Goodman who wrote (177)7/3/1997 2:15:00 PM
From: dwight vickers   of 335
 
The best way to play SMSC over the last three years has been to be a seller of covered calls in resistance.

But one of these times........

Buying breakouts is a bull market phenomenon that is a killer when the bull hibernates. I fear that many will learn that lesson the hard way.

Do you follow NOVL with your system? I suspect that you would want a more solid base before buying, but it sure fits the beaten down tech qualifier.

Good weekend to you, also.

Dwight
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