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Technology Stocks : Power Integrations (POWI) -- Ignore unavailable to you. Want to Upgrade?

To: kenc who wrote (216)	6/20/1999 10:40:00 AM
From: Timothy R. West	Read Replies (1) \| Respond to of 449

Splits are irrelevant. POWI acts like someone is buying a big position, but I don't like the low volume rally from 50 up to 64... it could retrace back towards 55-50. I love POWI's business. This stock is a value here for the long haul. Forget splits, look at the long term track record of stock splits and you will find it is a useless indicator that is just as random as using the stars to predict stock movement. New buyers make stocks move up. POWI has very little institutional sponsorship and the stock has a very low float of shares available for investment... so new buying drives this stock very easily.... Regards, Tim