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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST

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To: patrick tang who wrote (3557)7/5/1998 1:30:00 AM
From: luis a. garcia  Read Replies (2) of 9582
 
Hi Tom Patrick and all .... I have been out of the ALSC stock for a few months and I have been surprised by the continuing issues that have pushed the stockprice this low.
I have a concern from the technical side of things.... This can be a buying point if I look at a chart one thing strikes me and that is the
accumulation volume or On Balance Volume which is a cumulative sum of
volume on plus days it adds and on minus days it subtracts ...its more than that but..lets say the volume accumulation is still very bullish and the stock is lost two thirds its value... if that function on my tradestation is working properly it seems to indicate that the price is falling of its own weight and not pushed under by insiders selling lots of cheap shares etc... if you guys agree this could be the dynamic in effect then the least bit of positive news would see the shares jumping and making up the lost value in a very very short time?
Do you guys have a feel for this? does anybody have a lot of experience with this On balance volume function????
thanks in advance
luis
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