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

To: cc rogers who wrote (9973)	7/2/1999 10:36:00 AM
From: turbi	Read Replies (3) \| Respond to of 13565

Hi cc -- I won't add to my position at current levels, even though I'm bullish on the stock, trust me. I'm not advocating against using stops; my only concern--and it's for my portfolio alone--is that I don't want to get stopped out of a stock I like long term just because on a short term drop it hit my stop price. Today's pop is the result of analyst Mary Lisanti's favorable comments at 6:42 PDT this morning on CNBC. Favoring tech stocks and asked by Mark Haynes if she liked AMAT, she said, well, I prefer smaller cap stocks like Atmel, which have a chance for stronger growth. Atmel was also written on the screen for those of us whose aural comprehension is not as good as our reading comprehension. It was a good plug, and today's strong early move reflects it. By the bye, however, not a new recovery high yet today. With some luck, some more folk hopping on Atmel's bandwagon, and most importantly earnings coming in at or ahead of street estimates for the next year, Atmel will stop being a smaller cap stock. At the $80/share I think it could hit next year, that's still only an $8 billion company. When you consider the size of some of the deals that have occurred within the last year, you can see why I think someone may come along and buy the company, even at higher levels--one hopes ESPECIALLY at higher levels--than we now have. Cheers/t