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Technology Stocks : Chips and Technology.
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To: Billie Thon who wrote (237)3/5/1997 3:01:00 PM
From: Gregory Cole Brock   of 247
 
Billie,

I think the market will mosly be interested in results from CHPS. Alot of people have been burned by this stock and there is probably some major concerns that need to be overcome before we get the stock rocketing back up where I think it should be now.

However, for all those invested in CHPS or for those thinking about getting in you should know that 10 has got to present major support. I can not imagine this stock bustiing 10 significantly anytime soon. I don't think the concern over the fundamentals is bad enough to warrant a penetration of 10. I have been wrong many times before so take this advise for what its worth.

Hence if 10 is the bottom 11's pretty good.

Anyone else see this major area of support here at 10? Or am I looking at this thing wrong?

Greg
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