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Technology Stocks : Alliance Semiconductor

ALSC 0.810

0.0%

Jul 10 5:00 PM EST

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To: Epics who wrote (1209)	7/18/1997 11:24:00 PM
From: Harve Wolfe	of 9582

Hey Chad, With all due respect, I have to disagree. Today's down had more to do with options expiration than anything else. All those zillion options out there. The big writers can afford to short sell against the trend for a day to insure they expire tomorrow without value. There is a bloodbath out there but it's certainly no earlier than October, or April 98, or ? If we have a "bloodbath" a speculation like ALSC is not where I'll be putting my money. Good luck on picking up a dip to 9.50, I hope your day trading works out. My gut feeling is we won't see the under side of 10 again, but I've never been very successful at picking up a few thousand day trading. Maybe you have? good luck! Harve

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