GALT - Galileo Technology Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : GALT - Galileo Technology

GALT 2.965

-9.3%

Feb 4 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: (no name provided) who wrote (25)	4/4/1998 3:15:00 AM
From: Marc Trombella	Read Replies (1) of 584

1. The reason I believe there to be strong support at the 26 level is 1) the low volume, which indicates no selling pressure. It's just drifting on lack of interest and news. 2. I have no news on INTC buying into GALTF. What I have HEARD on CNBC is that Intel is looking for a strong network chip maker, and that GALTF was named as a possible candidate. Other than that, no news. 3. You're right. The weakness is coming from BAY and COMS. GALTF moves in momentum with the networkers, except ASND. Another reason I believe GALTF will form a base of support at 26 is that it will have a PE of about 30 or so, which is where COMS is roughly at. 4. The selling by directors is completely normal for a stock that is nearing its lock up period. They want to take some profits for getting in cheap. Unless things worsen in the networking sector, I'll remain with my 26-29 entry price. Regards, Marc

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next