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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: ron delany who wrote (4127)8/19/1998 6:11:00 PM
From: DanZ  Read Replies (1) of 6565
 
Ron,

I'm out of VLSI at the moment...sold what I had left at 14 1/16 and decided to trade it very short term for a while. I don't see the stock going to single digits unless they start losing money. For now, I see a trading range between 13 and 15 with an outside chance of it revisiting 12 1/4 or breaking resistance at 15. There have been some blocks on the buy side the past few days and I'm going to guess that it has been the company buying stock as noted in their press release a few days ago. This has been supporting the stock.

Dan
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