Atmel - the trend is about to change Message Board

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Technology Stocks : Atmel - the trend is about to change

ATML 8.140

0.0%

Apr 12 5:00 PM EST

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To: Ravi R who started this subject	7/9/2003 5:25:04 PM
From: Big Bucks	Read Replies (1) of 13565

Nice moves up the last few days. I expect that the stock price should continue up thru earnings on the 17th, with minor pullbacks on market news. Stock has completed it's 6 month cup and handle formation and has broken out to the upside. I expect it to continue an upward trend thru the summer and may accelerate if a favorable business outlook is presented during the quarterly conference call. Also I'm anticipating that there will be some favorable analyst upgrades. I haven't seen any lowered guidance from management so that is a definite plus, IMO. I think that this stock could be at $7+ by January, unless the market implodes in the fall. The chart needs to rally above the $3.25 price point to prevent a short term double top. If it does, then I anticipate the stock could go to at least $4.25 by August 15th..... BB

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