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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: DanZ who wrote (4674)10/15/1998 2:57:00 PM
From: E.J. Neitz Jr  Read Replies (1) of 6565
 
Thoughts From a Trader Who Has Followed VLSI since 1990

I expect that VLSI will languish around the current level through year end. There may be a pop up in early November after some institutions are finished with fiscal 10/30 year end tax selling. I think the stock will be under pressure through year end due to individuals selling for tax reasons and just "throwing in the towel". Based on my experience, VLSI could have one hell uva January through April move up, based on relief from selling pressure and much better prospects for 2H99. So it looks frustrating until then unless you trade, which I plan to do until 12/30. Best wishes to all on this one.
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