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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: lifeisgood who wrote (5821)3/18/1999 11:07:00 PM
From: Linda Kaplan  Read Replies (1) of 6565
 
It's a great strategy and you're a brilliant trader. The problem is that you bought at 7.5 and I have known the stock longer than you. Only a little more than a year ago it was 36-3/8, so from that perspective, having owned the stock at 36 and having purchased at a much higher price than you, I think that 25 would not be unreasonable. Even if we were to take a middle figure between that high and low we'd have a price of 21-15/16. It's usual that there be a premium, often a very significant premium, at a buyout time. So given all that, I am thinking that 22-25 is pretty reasonable. It's been said many times that the BOD won't accept less than 25, and I don't know if that's true, but I'd guess they'd not settle for much less.

I wish I could trade like you. I'm very impressed.

Linda
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