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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!

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To: Yiqun Xie who wrote (3266)4/3/1998 8:58:00 AM
From: DanZ  Read Replies (2) of 6565
 
Yiqun,

I expect support at around 19 1/2 and resistance at around 21. The 30 year treasury bond is flying this morning on the employment report and we should get a strong opening in the stock market.

In case you are interested, another semiconductor stock that I like is International Rectifier (IRF). It's trading close to support has good upside potential. Support is at 11 1/2 and resistance is near 13. I day traded a little yesterday and held some over night...looking to buy more today depending on how it acts.

Dan
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