Micrel (MCRL) Message Board

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Technology Stocks : Micrel (MCRL)

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To: BenYeung who wrote (47)	10/18/1997 12:48:00 PM
From: sam	of 268

Well, it looks like we are in the 30's again. I think that this is a temporary set-back due to the overall tech sector weakness and sell-off. This represents an excellent opportunity to engage in some bargian shopping in the under exploited stocks. MCRL has had a great run the last year, but the insiders still hold roughly 40% of the stock and I haven't seen them file to bail yet. Next, institutional ownership is growing and no one is selling out yet. Additionally, you can not expect a stock to move from 20 to 80 without taking some type of a breather. The stock hit an all time high this week at 47 & change; however, a 20% sell off from that level is a little drastic. Volume didn't seem overwhelmingly high. Finally, the stock is sitting right on it's 50MA. I would expect that you will not see it fall much (1 point max) before continuing upward. I would also not expect to hit 47 again for a couple of weeks. As much as I would like to say bullish about the stock, I have been known to be way off in the past, I would be certainly wary if it can't breakout above it's 50MA. Respectfully Cautious

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