VTSS-Cabot Market Letter Recommendation @34 Message Board

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Technology Stocks : VTSS-Cabot Market Letter Recommendation @34

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To: Mike Read who wrote (5)	10/18/1996 12:25:00 PM
From: Quinn Dunlop	of 10

Support is 39 VTSS will break it's upward trendline if it closes below 39. We'll see what happens next week when earnings come out. They should be good based upon past and forecasted earnings growth... Tech stocks have been consolidating and will continue to for the short-term. It's healthy and will pave the way for stronger gains in the coming months. Thus, stocks that have run up such as VTSS have been hit by some profit taking and your normal earnings worries. Plus, the mention in Barron's did not help because the stupid investors overact to stories which hurt some stocks in the short-term. Bottom-line with VTSS, as long as they continue to deliver on strong earnings, it will not stop going up. Plus, with the semi group poised for stronger gains ahead, it will be brought along with the other semis... QD

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