Atmel - the trend is about to change Message Board

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Technology Stocks : Atmel - the trend is about to change

ATML 8.140

0.0%

Apr 12 5:00 PM EST

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To: turbi who wrote (9598)	4/7/1999 1:24:00 AM
From: Michael Sphar	Read Replies (1) of 13565

Well Turbi, that proverbial overhead resistance line seems to have been pierced, if only intraday. I agree with the general consensus that it will go higher shortly, maybe tomorrow! But it is possible to pull back first, I mean it still didn't close above 19.25 yet. For the most part there are only long term holders left posting on this board. That probably reflects the relative mix of shareholders. A high volume breakout upside day ought bring some mo chasers to this thread. Then we would be confirmed that higher is directly ahead. 30 and 40 are really high numbers, yes it could happen in your time frame, but I will much happier if I just see 20 soon. Any fundamental reasons suggested anywhere for this up volume surge ? Perhaps today's volume is just institutional kneejerking.

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