VLSI Technology - Waiting for good news from NASDAQ !!! Message Board

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

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To: DanZ who wrote (3142)	3/11/1998 7:25:00 AM
From: ricky	Read Replies (1) of 6565

Dan, You express very sound reasons for holding onto your position. I know you've done your homework. The open interest in the puts is higher than the calls which is usually a bullish indicator. There is more negative sentiment and this being a contrary indicator is another bullish indicator. There is support at 18 and if your playing this stock for a point or two you may be doing the right thing by holding. I may be completely wrong but in my opinion VLSI will continue to lose customers to LU and LSI. Their cash flow will decrease and earnings will continue to fall unless they can get their act together. Rick

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