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Technology Stocks : Diamond Multimedia

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To: Mark Haythorn who wrote (3477)3/17/1998 12:58:00 PM
From: lml  Read Replies (1) of 4679
 
Agree there is a breakout going on here, albeit a modest one. I think we'll see a slow runnup in anticipation of earnings announcement in early April. The announcement will give a definitive indication how well the Company is really doing, plus a glimpse of "the road ahead."

If memory serves me correct, & I invite comment on this one, I expect some resistance in the 17- to 18 range based upon range. If DIMD can pick-up enough momentum to rally thru this range, I believe we'll see it move into the 20s. How soon this will happen, I will leave the market pundits & technicians.

IMHO, DIMD's close alliance with MSFT, will aid its efforts as Windows 98 enters the scene in the 2nd-half of 1998. DVD and sound cards will require novel compatability links to the new software.
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