SMSC Standard Microsystems Message Board

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Technology Stocks : SMSC Standard Microsystems

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To: R. E. Simpson who wrote (268)	11/26/1997 2:18:00 PM
From: dwight vickers	of 335

Robby, Looked over the report that Terry sent me last night. But I bought some SMSC at $10 5/16 yesterday afternoon. $10 appears to be solid support, for a run to $11 1/2 to $12. Might not do that until tax loss selling ends, which could last most of next month. It's different every year. The volume has been very light and a little bit of volume today popped it a bit. We need to get a better rally than $12 though to get rid of what otherwise might be a head and shoulders formation shaping up. I don't really put much stock in those, but this one is very obvious. The numbers look good but this mgt. has disappointed in the past. Good luck, Dwight

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