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Technology Stocks : Linear Technology Corporation

LLTC 65.00

0.0%

Mar 20 5:00 PM EST

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To: Gottfried who wrote (515)	7/20/1998 5:08:00 PM
From: R Stevens	Read Replies (2) of 754

There is a major correlative relationship between the Semiconductor Index(SOX) and LLTC, as can be seen in the 6 month graph below. tscn.com What we need is an upturn in the SOX and a good earnings report. Note that in April it looks like the SOX turned up just before LLTC reported. Thus LLTC had a big wave to ride along with it's favorable earnings report. Anyone know why the semi's have been hit so hard in the last two days? If the SOX bounces up tomorrow I think you can go long and print some money. (An upturn in the SOX is not an outrageous proposition because the last point of serious support was around 255 and it closed today around 258) SOX Daily Chart: cbs.marketwatch.com RS

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