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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: Esvida who wrote (2718)1/9/1998 5:57:00 PM
From: Tech Investor  Read Replies (1) of 6565
 
Keep in mind VLSI has alot less Asian exposure than compared to LSI,
and the rest of the ASIC companies. I will keep a tight trigger on
VLSI in the coming week, at least I'm in the profit for now :) Waiting for a bounce (fake rally on nasdaq) for MSFT + INTC earnings,
things might look bleak now, but after such a huge sell off, I think
we are ready to head back up.

1. NASDAQ support @1,500, very likely to bounce back
2. MSFT + INTC earnings next week
3. Investors have the whole week to thinkt things over, and might
get back in after today's 50+ point drop, it is a bit of an over
reaction IMHO (caused by ADPT)

So, I expect Monday to open down, but finish UP (if Asia markets recovering over the weekend, it might even open up).

Any thoughts?

Regards
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