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Technology Stocks : FDC : First Data Corp
FDC 31.690.0%Aug 5 5:00 PM EST

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To: Katherine Hoff who wrote (33)2/14/1997 6:35:00 PM
From: Uncle Mikey   of 323
 
Katherine - Several of my stocks have been like FDC over the past 6 weeks, trading in uncharacteristicly narrow ranges, such as FDC. Slowly they have been breaking out. I think (hope) FDC will breakout to the upside as well. It really has been overlooked in recent months.

With interest rates coming down again but with valuations very high I think the market will begin rotating, moving on to sectors and stocks that are overlooked. Hopefully will include FDC.

The big gains over then next few months (mike thinks) will be made in semiconductor stocks - IDTI - LSI - IRF - hopefully ADI. They have been under lots of pressure lately but seem to be bottoming.

Mike
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