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Technology Stocks : Alliance Semiconductor

ALSC 0.810

0.0%

Jul 10 5:00 PM EST

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To: Norrin Radd who wrote (4052)	9/29/1998 6:30:00 AM
From: charles j. aaron	Read Replies (3) of 9582

Tom, I agree but it appears we have a lot of resistance trying to break the 2 13/16 area. Earnings are scheduled to be reported 10/20/98 after the bell. We have not heard any earnings warning yet but I expect to hear one soon. It may be an advantage to take profits today during MU's run up based on their better earnings report. I will watch the action early and probably make the decision to sell at 2 3/4 if I can. I think we will be able to buy it back cheaper again around the 2 1/4 -3/8 area soon. I would be very surprised if it didn't drop back to this area again. Good trading to all. Chuck.

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