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Technology Stocks : Alliance Semiconductor

ALSC 0.810

0.0%

Jul 10 5:00 PM EST

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To: MoonBrother who wrote (2109)	12/10/1997 7:16:00 PM
From: MoonBrother	Read Replies (1) of 9582

I was really horrified watching ALSC's price dropping faster than a rock at the end of the day!!! I almost felt guilty that I made such an accurate prediction this morning about ALSC's near term movement! Too bad that ALSC followed the exact trading pattern as expected, which means tomorrow will be the day that we sink under $5 margin limit! What a shame this one is! How ALSC will behave from here? Let's see if it can stay close to $5 tomorrow. If the initial margin related selling is too powerful, it could sink ALSC deeply into mid-$4s. That will dampen the hope to recover quickly. But if the selling presure is not that heavy along the $5 mark, then we could think that we are near the bottom. If we stay above $5 until the end of the week, I'd like to think that early next week could be a good time to throw everything we got into this one! Another hope is that, the big boys who still have big chunk of holdings could also put up their last bet to push the stock away from the $5 mark. That way they will save themselves a bundle by not being forced to sell their margin positions. All in all, tomorrow could be the day that will define our fate: live or die! Good luck everyone! MB

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