S3 (Multimedia semi's place 2be) Message Board

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Technology Stocks : S3 (Multimedia semi's place 2be)

SIII 0.0001000

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May 12 5:00 PM EST

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To: Paul Frantzis who wrote (9415)	8/5/1997 6:29:00 PM
From: Norrin Radd	of 9477

Paul, Although I do rely partially on TA, I think one of the more interesting things happening is the pentium 50% cost reduction by Intel. This should boost PC sales and hence chip sales. The chart looks very good to me technically after forming what some might call a nice double bottom, and then popping above the 50, 100, & 200 day moving averages but the stochastics suggest perhaps a consolidation is in order. A lot depends on overalll market direction IMO. If the NASDAQ continues up, then all tech stocks may move higher. Small stocks in general have had some catching up to do for some time now. The NASDAQ made a huge percentage up move in 1991, so anything is possible.

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