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Technology Stocks : S3 (Multimedia semi's place 2be)
SIII 0.00010000.0%May 12 5:00 PM EST

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To: Mr.Creosote who wrote (7867)2/15/1997 11:31:00 AM
From: Dave O.   of 9477
 
At the same time in the past week and a half accumulation/distribution has turned from negative to positive, looking as good as I've seen since early Nov. The bigger trades early Friday appeared to be buys. The pullback that began in late morning was on low volume. If you look at chart for Jan-Feb 1997 it may be forming a cup and handle. I'd be extremely surprised if we were to see 16 again. The Goldman Sachs presentation went well based on the feedback I got from S3. I'd expect that the upcoming Robbie Stephens conference will go equally well.

Dave
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