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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!

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To: BWAC who wrote (4579)10/8/1998 1:41:00 PM
From: DanZ  Read Replies (3) of 6565
 
<Wonder if there is some news we don't know yet.>

From all that I have been able to gather from multiple sources that I consider highly reliable, there is no more bad news. In fact, there is a lot of good news coming. The move through 7 came at a time when the tick was -1700 and the market was crashing. I guess that was too much pressure for longs and enough people liquidated to push the stock through support. Once it broke 7, it collapsed quickly to 6.

Call me a fool, but I stubbornly watched the damn stock collapse and decided to buy more at 6 1/8 and 6 3/16 instead LOL. I'm keeping my faith in this company based upon what I know about their future. TA is out the window unless we get a close back above 7. At that time, TA will confirm that I wasn't a fool for adding more to my position today.

Best to all. Let's have a friggen rally!

Dan
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