VLSI Technology - Waiting for good news from NASDAQ !!! Message Board

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

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To: Linda Kaplan who wrote (3368)	5/8/1998 8:22:00 PM
From: DanZ	Read Replies (1) of 6565

VLSI has support at 20 so I bought some stock back today. I didn't buy nearly as much as I had a few weeks ago but plan to gradually build my position if it continues to act well. Resistance is near 22 so there is plenty of upside potential before I think it will run into much supply. If it breaks 19 3/4 on the downside however, I think there is risk that it will drop back to 18 1/2. I'm starting to think that the stock won't move much before May options expire but that's only based on a gut feeling. Drag for me if that happens since I also bought May 20 calls at 1 3/16. Good luck to everybody. Dan

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