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Technology Stocks : LTX Corp. (LTXX) -- Ignore unavailable to you. Want to Upgrade?

To: Duane L. Olson who wrote (1847)	11/29/1999 9:14:00 AM
From: Logain Ablar	Read Replies (1) \| Respond to of 2126

Hi Duane: We'll looks like were past the week after options. All we need is one piece of news and were back over $21. We do have the annual meeting next week. From a P&F perspective we gererated our first sell signal when the stock hit $18. The first sell signal in a strong uptrend is normally bullish and we did have buyers step up when the stock hit $17.25. This is better than the the P&F support of $16.5 and bodes well for the stock. At this point the stock can be consolidating at the $18 to $20 level or with news move higher. It needs to print $22 to give a new buy signal. We are now back in a column of X's with demand in control. The fundamentals. John posted a good analysis although I'm more bullish on the revenue and orders numbers. With the cash in hand I expect 10 to 15% sequential qtr to qtr growth for next two quarters (I'm not looking farther out but would expect sales approaching $80M by fiscal Q4). In the semi book to bill the booking # (while a 3 month average) had a strong pick up in October. With all the demand for chips right now the testers are higher in the food chain for revenue growth (versus a company like KLIC where the bonders are lower in the ordering cycle). Looking @ Nokia and Erricson (chips supplied by infinion which uses fushion) and Texas Instruments (using fushion) you know LTXX's clients are doing well. I would expect all the testers to outperform the soxx in general thru the end of the year. I still have a target of $25 by year end with $35 next year. When we hit $22 we should move to $27 - $28 but I'd expect pullback and consolidaiton @ $25ish. On the semi cycle. Look to Corrigan @ LSI. In the past his activities have been very good @ predicting the cycle peaks and valleys. When he starts to sell shares were approaching the peak and when he's buying were approaching the bottom. Also one s/t indicator turned negative (the Hi/Lo) just over a week ago. Still no stops unless another short term indicator turns negative. However I did come off of margin last week (I was too over leveraged). Tim