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Technology Stocks : Atmel - the trend is about to change
ATML 8.1400.0%Apr 12 5:00 PM EST
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To: Nick who wrote (8021)3/14/1998 12:36:00 AM
From: Mang Cheng  Read Replies (1) of 13565
 
Nick, no need to be too pessimistic about ATML. It was trying hard to stage a breakout about a week ago but unfortunately the attempt was aborted by the Intel's and Cpq warnings. In sympathy almost all semis dropped with Intel.

Now, if atml can go pass $16 in the next few days, we'll be in the game again and retry the breakout at 17 1/2 ! Otherwise retesting of $14 something to form a double bottom is also highly likely. Personally I think the probability of going up is a bit higher.

Mang
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