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Technology Stocks : Atmel - the trend is about to change -- Ignore unavailable to you. Want to Upgrade?

To: Peter S. Maroulis who wrote (9900)	6/16/1999 2:56:00 PM
From: turbi	Read Replies (1) \| Respond to of 13565

Hi thread -- Unless there is some specific bad news out there that hasn't yet appeared on the various news posts, this may just be a normal correction after a really nice runup. In June alone the price has gone from the high 18s to the low 26s. And since its low of 6 less than a year ago, it has gone up more than 350%. It's time for a little blowoff. I can't believe the Temic news was a factor; it just doesn't sound like that big a story, at least compared to the other frequent publicity shots from the company. Options and covering shorts might have something to do with it, but covering shorts would cause the price to go up, not down. Options? who knows? If someone is manipulating the price, he/she would have to have quite a bankroll at this price and this volume. Unless there is bad news coming out over the next few days (in which case, once again, other folk have "guessed" it in anticipation -- wink, wink), this seems like a normal consolidation after the recent run Atmel's had. Nothing, after all, goes straight up. Still Cheers/t