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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: Harold S. who wrote (3235)3/27/1998 3:26:00 PM
From: DanZ  Read Replies (1) of 6565
 
Harold,

I'd rather not take a stab at exactly when VLSI will make a big move because I don't think anybody can say that for sure. However, the more times the stock tests the lower 17 area and bounces the more confident I become. It did it again today. I think we will see a decent move in this stock once it gets through 18 1/4 but it's anybody's guess when that will happen. I believe that many semiconductor stocks, including VLSI, are finding a bottom and are good trading buys. Money will eventually rotate into these stocks and give them a boost.

Nice scalps you are getting! I made a decision to hold my stock for now and not trade it. I'm thinking about writing April 20 calls but they don't have enough premium for me yet.

Dan
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