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Technology Stocks : S3 (Multimedia semi's place 2be)
SIII 0.00010000.0%May 12 5:00 PM EST

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To: Stuart Scolnik who wrote (9453)8/20/1997 4:38:00 PM
From: Dave O.   of 9477
 
Stuart,

I use 3 accumulation/distribution indicators and all are bullish. It pulled back into a 2 standard deviation envelope channel after the earlier run up above 16 a few weeks ago. Now it's not as extended as it was then. Then too, the up moves have been on strong volume and the pullback from 16+ to 14 5/8 over the past few weeks was on low volume. Last 2 days we were back up at 2.7+ million shares with almost a 2 point move back up. Personally I'm still hoping for someone to come along and buy S3 much higher than where we are today.

Dave
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