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


To: Ram Seetharaman who wrote (2529)9/8/1999 4:24:00 PM
From: Ram Seetharaman  Read Replies (1) | Respond to of 2920
 
52 week high of $ 8 1/16! Keep on zooming XICO! Was as high as $ 9 today!



To: Ram Seetharaman who wrote (2529)9/8/1999 4:28:00 PM
From: steve olivier  Respond to of 2920
 
Great last 2 days in xico. Sox was weak today, due to a rumor that a major firm was about to downgrade the semi's, but xico managed to post a nice gain on good volume. The stock has been consolidating the move from 1 1/2 in this 6 to 8 area and it looks like we are getting ready to break out to the upside.

I always like to look for the fundamental event that could resolve these consolidation patterns. I see 3 fundamental events that could potentially break us out to the upside. 1) a breakeven or black ink Q3, 2) a sale of the fab, or 3) some kind of announcement on the battery management chip. Each of these individually is bullish and all three would light a fire under the stock.

Throughout this consolidation, the stock has moved up on large volume and down on small volume. Maybe the smart money knows that one or all three of the above are eminent.

Time will tell.