Micrel (MCRL) Message Board

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Technology Stocks : Micrel (MCRL)

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To: Toby Zidle who wrote (67)	1/20/1998 7:35:00 PM
From: Chris Belk	Read Replies (1) of 268

Toby- If you look at the chart of the most recent quarters, MCRL seems to rally right before earnings announcement. However, I think today's action may have been fueled by short covering. I admit that I too could not resist shorting MCRL last month as it oscillated between 25 and 30. However, last Mon., I covered my short and went long at $25. Some think MCRL has too much exposure in Asia--I think they do have some exposure there but not enough to affect earnings with others opportunities taking up the slack. I, once again, expect MCRL to beat estimates this quarter. Remember, MCRL is run by one of the best CEO's in the world. MCRL does not disappoint. I'm guessing $38 by earnings (Thurs) if it can break the 35-36 resistance...maybe much higher if short covering continues. Chris

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