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: J. Plesha who wrote (9637)	4/15/1999 3:54:00 PM
From: turbi	Read Replies (2) of 13565

Hi Joe P. -- it sure looks that way today. In the past it's been Atmel and XLNX or Atmel and INTC. I think Atmel just marches to its own drummer. A few days ago, while Atmel's price was eroding on low volume, I indicated my analysis that the next big move would be UP and on heavy volume. Look at today's numbers: even more volume than April 6's move up. There's accumulation out there, perhaps some funds: I saw some trades of 25,000 shares cross; that's more than half a million $$. Where I come from, that isn't petty cash; hence, my thought of funds accumulating. I wonder if, once earnings come out, the price will erode a bit again. Whatever, I still see 30 by July earnings report and 40 sometime this year. With luck, we'll exceed those targets. Cheers/t

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