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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: Spartex who wrote (4521)10/4/1998 6:16:00 PM
From: Kelvin D. Nakamichi  Read Replies (2) of 6565
 
QK;

Jump in near the bottom and you'll add to the thread's "Happiness Index" which seems to be at fairly high levels relative to the stock's recent performance. Heck, even flagrant stock touters are kindly shown the door. Please, Thank You, Have A Nice Day.

Seriously, VLSI appeared to be attractive technically and fundamentally last week. I was impressed by it's resiliance in the during the selloff Wed & Thu.

See post Message 5887986

Book Value, Cash per Share, and overall decent fundamental outlook should provide somewhat of a safety net on the downside (appears to be $7 so far).

IMO upside potential is greater than downside. I bought some short-term calls last week. If it falls below $7, I'll exit and wait.

VLSI earnings Wed Oct 14 after market close. Information courtesy of Jim Bertonis who was referred to me by Linda Kaplan. See, I told you it was a friendly thread.

Good Luck.
Kelvin (also waiting for Gruntal downgrade)<g>
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