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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!

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To: terracin who wrote (2995)2/23/1998 8:47:00 PM
From: Joseph E. Caiazzo  Read Replies (1) of 6565
 
Just got back from sunny (read rainy) FLA and checked my favorite board. As long as everyone is speculating on the price movement, let me add my $.02.
The short trend is down for the next few days, we're likely to see 20-21 range. The pressure is on to keep the price low as the pros pick up some cheap call options...I'll be doing the same.
Next week is the beginning of the month and we all know by now that means that the funds come into the market with a new batch of cash (which will be substantial next month as people jump on the bandwagon) With VLSI in the low 20's, lots of new buyers next month.
I'm staying long....very long.
Good trading
JEC
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