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Technology Stocks : Credence (CMOS): Anyone out there
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To: David K. Moy who wrote (208)8/2/1997 3:02:00 PM
From: E. Graphs   of 497
 
David,

I like your insightful posts. What do you expect from CMOS now, as we approach earnings. I've been holding CMOS and EGLS since April/May. They have very similar charts. Found Friday's close to be strong for both. EGLS has already reported earnings, retraced a bit, and seems now to be merrily on its way back up. I'm looking at CMOS $40 (all-time high). So far nothing in the chart says it won't shoot for and perhaps beat this.
It's great to be riding these semis all doing so incredibly well just now. At the same time, I'm trying to guess the short term top or possible blow-out. Your post seems to suggest two weeks after earnings season things might calm down a bit.

However, I wonder that any such calm won't last very long. Some stocks are just breaking out. Take ALSC.........it's been down and basing for so long that I find its recent action very bullish and will most likely add on any pullback!

E
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