Unitrode - UTR Message Board

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Technology Stocks : Unitrode - UTR

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To: Andrew who wrote (18)	8/6/1997 1:50:00 PM
From: The Jedi	of 50

Most stocks split like to stay above or at the level they were basing for some time, that is when the big money was accumulating. Now big money has to get out then they will like to see higher prices after the announcement. So momentum will keep on going till the day of the split. Till last June this was between 24 and 30. So 3:1 post split indicates a 90 target (seems too high, but it is not). Also 90 is a good round number that divides by 3 ( there are others too 66 being the nearest) Secondly stocks that split 3:1 have a greater momentum than those that split 2:1. And at level of 30 PE expansion can occur much more easily than at the present levels. Kiri

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