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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST

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To: Bill Hermesmann who wrote (4012)9/22/1998 5:52:00 PM
From: MoonBrother   of 9582
 
ALSC is clearly in a pattern of accumulation. 1/32 or 1/16 at a time, ALSC has moved from $2 up to today's close of $2-3/8. Looks like this trend will continue at least until 10/20. After that where it goes will obviously depend on how does it come out of this qtr. But my feeling is that the worst is probably over for the company. ALSC should drift higher from this point on. The first meaningful resistance might be at $3. But again, depends on the earning result and more importantly, the company's comment for the coming qtrs, ALSC might have a surprisingly strong upswing into high $3, even $4.

Good luck to us long term share holders!

MB
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