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Technology Stocks : Actel [ACTL]
ACTL 0.00010000.0%Nov 7 9:30 AM EST

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To: Anjum Shami who wrote (372)12/10/1996 12:36:00 AM
From: Jeff Carolla   of 674
 
Anjum,

I got caught up in the same ACTL mess near a high last spring.
IBD had published ACTL in their NASDAQ "hot pattern" section.
The price promptly dropped by 40%, after I bought it.

ACTL does not have accelerating earnings. It is a small semi
co with a very limited product line.

Its pattern is sloppy and quite jumpy. Considering the mess
in semi stocks now, I would stay away. XLNX, another FPGA
company has had a much better pattern in this market.

Consider too that we are in an ongoing late phase bull market
that continues to test the limits of our imagination. ACTL
will drop like a stone in any "Garzarelli" type correction.

Yes, I could be wrong. The lesson that I have learned from my
ACTL purchase is to stick with market leaders like INTL or MSOFT.

Good luck.
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