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 (9625)	4/14/1999 5:00:00 PM
From: turbi	Read Replies (1) of 13565

Several good things about today's performance. Despite the drift off its highs for the day--probably in sympathy with NASDAQ's plummet-- Atmel behaved well. Volume was much higher than it has been since its one day jump last week; it made a new recovery high; it closed above 19 1/4. This can be viewed as its pre-earnings announcement bounce; it's done so before--but only when the earnings are going to be good. In the past when earnings are going to be a negative surprise, the stock price has dropped before the announcement. So this time someone somewhere is looking for a pleasant surprise. For short term traders, watch the next few days closely. For those of us who are longer term, I'm still looking at 30 by July report and 40 sometime this year. And maybe those numbers will turn out to be conservative.... Cheers/t

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