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

To: Ram Seetharaman who wrote (5861)	8/24/1999 12:03:00 AM
From: Charles R	Read Replies (1) \| Respond to of 9582

<I own all of them and I love this contest! Keep on partying!> Good for you! I dumped about half my ALSC holdings in the last few days. Now I am riding mostly OPM. Feel strongly about ALSC being undervalued but lost hope for short term pop as well as longer term prospects. It is beyond me why the managment does not seem to be able to make a simple buy-back decision which would greatly enhance shareholder value.

To: Ram Seetharaman who wrote (5861)	8/24/1999 1:43:00 AM
From: DJBEINO	Respond to of 9582

Alliance Semiconductor in New High Territory by Theo Spradlin Alliance Semiconductor (ALSC) has continued its break-away today and reached a new fifty-two week high of $12 1/8 after opening with a strong positive gap and trading more than 75% of its average thirty day volume in the first hour of trading. The stock has resumed its uptrend after recently falling from its previous fifty-two week high of $11 1/4 to as low as $7 3/16 (below its fifty day moving average line) with a show of big downside volume on July 23, 1999. Four days later, the stock turned in its second largest volume day of the last two years and posted a 15% gain. ALSC consolidated, converging with its 50 day moving average line again only to bounce and surge to resistance at $11. The stock based for the next week at $10 1/2. Friday ALSC merged with its 10-day moving average line and bounced, closing at $11 1/2. Watch this morning's show of momentum, look for ALSC to move to the top of its channel just below $13 soon. wallstreetcity.com