ATMEL - w/o MB Message Board

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Technology Stocks : ATMEL - w/o MB

ATML 8.140

0.0%

Apr 12 5:00 PM EST

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To: hpeace who wrote (97)	9/16/1996 8:49:00 PM
From: Vikas	of 200

Hi Steve, I'd like to ask you about your November 20 price target of "mid-30s". First, let me state that I'm very happy about this target, but just want to know what you're basing it on. Perhaps a surprisingly good earnings report? Maybe even a better report in January for 4th quarter? I've been here before also...last time I played the timing game (in Jan/Feb) in the low 20s and made out with a nice profit. Of course, after that I stuck with it and rode it all the way up to 42...and didn't sell (wish you would have showed up earlier on this thread...I would have made several dollars in covered call money on the way down). Now that the stock is trading at a p/e of around 12, I feel that selling calls may limit the potential gain we may experience soon (optimistic thinking, I agree), so I will elect to wait...at least until November 20!! Anyway, let's hope that the millions of dollars that Atmel insiders have spent on the stock recently imply a surprisingly high earnings report next month (as Grace points out, the 10 million shorts will run for the exits if and when this becomes clear). Vikas

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