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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST

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To: MoonBrother who wrote (2185)12/24/1997 1:36:00 PM
From: ted birnbaum  Read Replies (1) of 9582
 
I went long ALSC at 5 1/16 fully expecting it might go lower. Was going to buy the puts as protection but they seemed over priced.
On Monday night there was a huge block sell over 100k shares at 4 11/16. Tuesday it held up very well most of the day only to sell off
in the afternoon. Todays trading was enlightning beacause the blocks
were buyers. During the last 10 min of trade was 80k of block buying
the last trade was a 100 share sell at 4 1/8 followed by a 50k buy
at 4 5/16. Im betting my money with the 50k buyer how about you ?
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