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Technology Stocks : Logic Devices
LOGC 7.580+0.3%3:58 PM EST

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To: Bill Lahue who wrote (108)11/25/1996 10:29:00 PM
From: Martin Spallone   of 141
 
Thanks, Bill. The short idea was not that accurate. Found out that they all covered a week ago, so this is definitely related to buy ratings in the eq makers from various firms (reported on CNBC). Funny how LOGC compares (technically) to MU. Have you looked at these closely. But MU has come back somewhat to 2X book. So while LOGC bounced for the fourth time this year, I'm not sure where they belong. I'm in the money as of today, but I'm surely not rich from this bounce. I expected it earlier. I had oringinally thought we could see 4 5/8, I guess we'll have to see tomorrow. LOGC has not had more than a four or five day consecutive run, so I may be out tomorrow on strong move. If it can beak through 4 5/8, surely it would be reversing a trend. There's definitely more good news related to chips recently. This is a positive! Happy mood swings.
Marty from CT
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