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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST
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To: sellonrumor who wrote (3773)8/10/1998 4:34:00 PM
From: MoonBrother  Read Replies (1) of 9582
 
There were a few large block sellings that knocked ALSC down this afternoon. Couple blocks of 80,000sh each were thrown into the market at around 2 ~ 3pm that pulled ALSC down roughly 1/4 pts each time. Don't know who were the sellers? An ugly thought was that these blocks were from that 500k buyer who bought them last week at $2-1/2. Per DJ, that buyer was Alliance? If this is true, you can tell that Alliance has a desperate need for cash. Not a pretty picture.

Will need couple more days to determine if the guy has finished dumping.

But in general, the trend seemed has turned higher. As soon as these large block sellings are gone, ALSC should restore the slow climbing pattern.

Good luck!
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