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Technology Stocks : Micrel (MCRL)
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To: BostonView who wrote (137)9/15/1998 3:29:00 PM
From: Chris Belk  Read Replies (1) of 268
 
BostonView--

I don't mean any disrespect, but I disagree with your statement. Yes, this scenario has happened with many companies before bad news. However, I think technically, MCRL broke down a bit yesterday under its support. Notice that volume picked up only after the day's low with buying throughout the afternoon. Today, volume is so light that many nervous individuals may be selling; unfortunately, with many semis forecasting bad earnings this quarter, there aren't many buyers for MCRL. Analog semis will get hit, but MCRL has its own niche in the industry and will continue to outperform. I predict now is the time to buy rather than ignore.

IMHO,

Chris
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