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Technology Stocks : Alliance Semiconductor

ALSC 0.810

0.0%

Jul 10 5:00 PM EST

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To: DJBEINO who wrote (3800)	8/14/1998 8:05:00 AM
From: MoonBrother	Read Replies (1) of 9582

Just checked ALSC's recent trading pattern. Since the beginning of Aug. the average volume has significantly picked up. Except yesterday, the volumes for all other days were at above 600k, which is roughly twice as much as the previous 15 days. This fact shows that there is an active accumulation going on. Factor in the worst market condition we've been encountering in the past couple weeks, ALSC is poised to have a big jump (%-wise) from this point on as soon as the market rebounds, which could be the case today. If DOW can move up 100pts, accompanied by NASDAQ's 30pts gain, ALSC should be easily move above $3. After that, if the whole market can stabilize in the next week, then ALSC should move upwards toward $3.5. Let's see. Good luck! MB

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