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

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To: Maui Jim who wrote (4988)1/1/1999 9:56:00 AM
From: OldAIMGuy  Read Replies (2) of 6565
 
Hi Jim, Well, Tax Selling is officially over for 1998. Any guesses as to how VLSI will do in the last year of the Millennium?

My Guess: I'm expecting the recent price cap of around $13 to be exceeded and a new base formed here around $12. There was a mountain of shares traded in the teens this last year, so resistance is going to be high all the way back to $20. I do feel that $20 is a reasonable 1999 target for the stock assuming the folks at VLSI haven't forgotten how to make money.

Best regards, Tom
PS: I've added a special Millennium Countdown sound byte to my web page. It takes a little while to load, hope you like it!
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