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Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Woody_Nickels who wrote (5668)	7/31/1999 12:55:00 PM
From: sun-tzu	Read Replies (4) \| Respond to of 9582

I've always found this board to be very interesting and knowledgeable with regard to its due dilligence. However, it is quite a stretch to compare recent chart action to events that occurred in September, 1994. We are in the beginning of a market correction and companies without a solid core business and earnings are exposed to heavy downside volatility. ALSC may have some promising products in the pipeline, but the fact remains that they have no proven track record with regard to P and L. Until they have solid earnings, I'm afraid that their assets are not enough to hold these valuations. One money manager can not initiate a run in this market with a company whose float is as high as ALSC's. ALSC may be a buy at $6-$7 which is the next support level. The recent blackout in Taiwan certainly will not help the situation.