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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST
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To: DJBEINO who wrote (3609)7/13/1998 11:19:00 PM
From: Norrin Radd  Read Replies (1) of 9582
 
It looks to me like most of the weak hands have been washed out. There's very few weak holders left to get scared at the various doom and gloom comments etc. which just bounce along off of our backs like water off a duck.

Another nice test of the bottom on big volume would be normal and expected and would present another nice opportunity. But we may not see the intra-day lows of a couple weeks back again.

It's funny to me because at some point in the next year or so, the pundits will figure out that the entire US semiconductor industry is not dead. Then, it will be quite a party. The group may slosh around in the depths for a while longer, but in the end, it won't matter.
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