SMSC Standard Microsystems Message Board

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Technology Stocks : SMSC Standard Microsystems

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To: Robert Salasidis who wrote (17)	10/18/1996 7:09:00 PM
From: peter lo	of 335

Hi Robert, You are right. Last several days, the stock dropped down with little volume.This is a very good sign. The current price $13.00 equals one month ago price. I feel the stock will stablize at area for a while. Since the earning will not be out after Nov. 20, It will be oscilated between $12.5 to $15.00. Because of this theory, I did Nov. cover call of 2600 share at $15.00. The other 1500 shares is waiting for venturing play. I expect the stock will start to move up after nov.16. Peter

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