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Technology Stocks : Vishay Intertechnology
VSH 14.38-1.4%Nov 7 9:30 AM EST

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To: Haim R. Branisteanu who wrote (7)11/24/1996 6:28:00 PM
From: Teddy Harton   of 384
 
Haim-Broad Based Rally on Friday only partially explains the move.
Volume wasn't strong enough to say movement in SOX index is what moved
this equity. I do believe some smart investors are recognizing
outstanding company with fundamentals intact(unlike commodity chip
players DRAM and SRAM where prices have plunged by 80% and share prices
almost as much).The story hasn't changed but VSH share price has been
driven down too much and some investors are waking up to that. With
multiple at 17, any uptick in orders will move share price north.
Watch for volume increases followed by uptick in share price. Word
will start to spread quickly then big volume followed by more upward
bias in price. Only thing to change this story could be overall change
in market e.g. some sort of correction.
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