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Technology Stocks : Semtech
SMTC 80.13+2.3%1:38 PM EST

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To: Stu Bishop who wrote (858)2/14/1998 12:23:00 AM
From: Todd D. Wiener  Read Replies (1) of 886
 
Let me correct what I said a few minutes ago. If SMTC beats estimates and offers a strong outlook, the stock may rally to its high. If the earnings report is just good, but not blockbuster, the stock will pull back to ~$24. I said that there is resistance at $32. That's not correct. The resistance (and it's weak) is at $30-31.

Stu- :o) is Jeff's trademark.

T
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