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Technology Stocks : CYRIX / NSM
NSM 18.270.0%Jul 31 5:00 PM EST
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To: Stephen O'Hara who wrote (5782)1/4/1997 12:48:00 PM
From: Steve Porter   of 33344
 
Steve, (Always a pleasure to meet another one ;-) )

I was calling for 23+change just before Jerry resigned, I was only about 1/4 - 1/8 off too, then the news hit, oh well.

I think you will see 23 by the end of this comming week (Jan 6 - Jan 10). We have seen the stock gain stability like this before and so have other investors. Everybody is expecting a good earnings, even those persons who don't hold a stake in the company.

I think that just the number of people that want in and the fact that most people who hold now don't want out you will see stock prices climb the 3+ points in this coming week.

This would be good, as there would be time for a 1 to 1-1/2 point correction before earnings came (but that "correction" might not materialize).

My concern is that people who have been holding this stock and looking to get out will pin the stock at 20-21 for a number of what would otherwise be days of strong price increases.

Also I would look for volume to be up in the comming week. If it is, then it is a sign I should be on target with my predictions. If the volume doesn't show any major increase (i.e. stays at or below 550K-600K) then my predictions will only be about half correct (that is a gain of 1-1/2+ on the week).

Steve
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