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

To: Ken Muller who wrote (5673)	7/31/1999 10:06:00 PM
From: sun-tzu	Read Replies (3) \| Respond to of 9582

These are some very key issues brought up in the last few posts. When I consider a company for long term investment I view three key elements: 1) Their core business, 2) Their ability to run the core business as evidenced by earnings and growth potential, 3) Management and its track record. With recent short term volatility, I see ALSC as excellent trading stock with dramatic intraweek fluctuations. While their assets may total more than the current per share value, ALSC has shown no immediate indication of attaining those levels. In fact, if it wasn't for the fortuitous recommendation received by the little known money manager on CNBC, this stock was well on its way to the $6.50 support it currently exhibits on the chart. They may have made some timely investment decisions which have caused an astounding rise from $2.50 to $11.50 in three months, but this news is old and "the luck of the dice" is not enough to keep these valuations in a down market. This is especially true given their striking inability to turn a profit in a hot sector. Unless shady organizations like Needhams continue to flip/flop recommendations, and the market takes a dramatic turn to continue its bullish charge, I see ALSC continuing the downward trend that was seen before it threw a "yo eleven" on CNBC this past Thursday.