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

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To: munsters who wrote (4691)10/19/1998 11:34:00 PM
From: Tech Watcher  Read Replies (2) of 6565
 
After Market Trading

quote.com

50,000 shares sold at 8 1/4 at 4:21
21,000 shares sold at 7 29/32 at 5:06

I wonder if our Big Buyer (The Company?) will resume tomorrow. From other times they have confirmed being in the market, it was probably a one day fling for now.

Rats! Pulled the trigger too early when it went over 8. Market had me too skittish to hold out for next resistance at 8 1/2 to 8 3/4. Will probably be a good candidate for Mutual Fund selling for the Huge tax loss. Looking to buy back October 29th or 30th around 7. Then I don't think there is too much to hold it back from some nice gains by March. Hoping for $10 to $12, but dreaming of $15 to $18!

For all you beaten up by the chip stocks these past few months (myself included), this is a stock with very limited downside, where you could make 5% to 10% a trade for 5 or 6 trades through the end of the year. Follow your gut and don't forget to Buy Low and Sell High.

- Tech Watcher
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