Semtech Message Board - Msg: 2943474

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Technology Stocks : Semtech

SMTC 73.44

+2.3%

Nov 26 3:59 PM EST

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To: Todd D. Wiener who wrote (583)	12/11/1997 8:10:00 PM
From: Ron Kline	Read Replies (2) of 886

Todd, Thanks for your analysis. I admire how you can stick to stocks you think will do well in the long term. After this market crash I have come to the conclusion that I really am not one for holding long term, especially with high tech stocks. There are too many stocks that I have seen where people had nice profits but watched them go down the drain. That said, I do like the price of SMTC right now, and I think the risk reward is pretty good here. I would hope for the stock to hold the 40 range since that has been good support in the past. I looked at AMAT today and it looks like it broke it's earlier support. I just wondered if in your analysis if you think it is negative for the stock to do this. I was thinking about buying that one until I saw today's action. It seems like TA doesn't work too well in this market, but just wondered what you thought. Thanks, Ron

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