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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST
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To: Woody_Nickels who wrote (1254)7/30/1997 6:02:00 PM
From: Norrin Radd   of 9582
 
I agree that the long term trend for ALSC is much higher. Yes the stochastics look a tad toppy at present to me, but if one considers that the Taiwan wafer foundry ownership is by itself worth $10+++, then a $20 price would be very reasonable even BEFORE ALSC starts to post continuously better earnings numbers. As the numbers start to rise in successive quarters, I think the stock can rocket.
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