S3 (Multimedia semi's place 2be) Message Board

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Technology Stocks : S3 (Multimedia semi's place 2be)

SIII 0.0001000

0.0%

May 12 5:00 PM EST

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To: Randy McWilliams who wrote (7489)	1/26/1997 10:07:00 PM
From: Keith Dykstra	of 9477

Presently, I have not shorted S3 and I am not looking to do so until it I see a solid break on the downside. Support for the price is at 16 1/8-16 3/8. Additionally, the 200-day MA is charting at 15 7/8 as is the downward trendline that extends from the double-top recorded in '95. For me to act the price will have to close below this later figure at about 15 3/8 - 1/2 on rather heavy volume. I might add that the 50-day MA is falling rather fast and will problably cross below the 20-day MA tomorrow if there is a down day on the stock's price. It is too early to short as the price pattern may peter out and extend itself into a trading range in which case I may become a buyer at the low end of the rectangle. Waitin', anticipatin'! Keith

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