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Technology Stocks : Logic Devices

LOGC 7.580

+0.3%

Dec 31 3:58 PM EST

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To: The Commander who wrote (106)	11/3/1996 8:27:00 PM
From: Martin Spallone	of 141

LOGC Undervalued @ $3.00, huge shorts will cover and drive this price up very soon. I've watched LOGC for about six months and chart it w/ SuperCharts. Barrons had it 25th on the most days to cover (about 25 avg. vol 33K). Book value is around 3.5, with 200 day moving avg. @ 4 5/8. Four or five times this year LOGC has bounced during a two, three day rally when shorts cover. I see them covering between now and a week after thanksgiving (were 48 days). Earnings just came out, not so great but margins still 8%. Low down-side risk from here, if they fix inventory problems and get DSPs moving. I own 2K shares @ $ 3.00. Comments ? MS from CT

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