Power Integrations (POWI) Message Board

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Technology Stocks : Power Integrations (POWI)

POWI 36.29

-2.9%

2:49 PM EST

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To: Harold who wrote (129)	11/1/1998 8:21:00 AM
From: Jim Fraser	Read Replies (2) of 449

Harold, How are you doing? Are you holding POWI? I guess we have to expect some pull back after the run-up from the single digits. This Co is in solid growth phase. I think the stock will resume its upward trajectory after the short term profit-takers bail. It took a while to break 15 for the same reason. It may bounce around for a while but IMO we could see 20 by Christmas if small Caps continue to rally. The next few qtr's earnings will be good as well for POWI. I traded this thing several times between 8-11 and took a significant position around 9-10 in Aug. When we get to 20 the stock may have see more profit taking and stall for another qtr as many people will have realized a double and cash out. ( I Plan to exit then (around 20) as well) But (IMO) this Co is a very nice longer term (1 year+) holding as well and will probably be bought-out by a bigshot who wants the technology (and patents) that POWI has.

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