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Technology Stocks : Micrel (MCRL)
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To: sam who wrote (48)10/18/1997 6:22:00 PM
From: Chris Belk   of 268
 
Sam,

The volatility of the tech stocks sure gives me a headache! High valuations have been talked about extensively this weekend, and MCRL may be one of them. However, other companies with high valuations have released disappointing earnings recently, hence a sell-off. Unfortunately, MCRL got caught in a tech sell-off. The difference is that MCRL will not dissapoint. Yes, MCRL is sitting at its 50 DMA and it certainly won't stay there. I predict a recovery in MCRL next week, as well as techs in general. Expect a great earnings report.

Chris

PS. MCRL will have a write-up soon in a major magazine...sorry, can't remember which one. I'll post when I find out again.
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