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Technology Stocks : Alliance Semiconductor

ALSC 0.810

0.0%

Jul 10 5:00 PM EST

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To: michael i olson who wrote (2695)	3/5/1998 10:14:00 PM
From: Mookie Pierce	Read Replies (1) of 9582

I was surprised we closed at 6 today. I thought it would be much worse. I'm afraid we may trickle down to 5, with support at 5 for obvious reasons. We pretty much broke our upward trend yesterday. I think we'll see a high of 6 1/2 - 6 3/4 in the near term, but I think we'll see 5 also. We'd have to see a major move to get over 6 3/4. IMHO. As you can see between the lines, emotionally I'm still with ALSC, but technically speaking I think there is a different reality for the near future. Mookie

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