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Technology Stocks : Power Integrations (POWI) -- Ignore unavailable to you. Want to Upgrade?

To: Mark[ox5] who wrote (248)	12/1/1999 12:40:00 PM
From: Jeff Bond	Respond to of 449

Nov 29 was a classic case of emotional capitulation, the chart really does a good job of showing this: siliconinvestor.com The day was marked by a fast decline in price to $43 under normal to light volume (panic sell). It should have stayed there, but it sat for a while, then the next wave of panic selling set in, again under normal to light volume. From 1PM until closing though, the price continued to go down, but now under much heavier volume, panic has really set in now. Look at the MACD chart, for the majority of the day, the price was going down while MACD was already going back up. This "MACD divergence" was the clue that the momentum was already improving, yet people were selling and driving the price down rather quickly. I call that panic ... and a great buying opportunity :o) Williams %R pretty much tells the same story from a different angle. By mid-morning the indicator was already pegging 0, that is pretty much as "over-sold" as a stock can get, barring total disaster. Again, everyone and their mother is trying to sell this stock all day long, first slowy, then a little faster, then in a frenzy at the end of the day. Panic ... $43 was where the price last tumbled from, that will be the price that POWI quickly returns and begins to idle. $45 is next, and that should be a little more work, finally $49 is gonna be the point where we consolidate and build a base. Really, the recent gap up and beyond is ALL split play buying, and can be discounted. However, everything prior to the gap was STRAIGHT POWI fundamental power. So ... the stock has EARNED $45, but it was speculated up to almost $58. That had to be fixed, and has been ALREADY, when the gap at $45 was closed. The last $5 down to $40 was once again ... panic. Sweet POWI ... fundamentally sound, well managed, emerging markets, proprietary technology, improving margins, and still just a baby ... uh ... whats to say .... good day to you ... MANY more to come ... SWEET POWI :o) Regards, JB

To: Mark[ox5] who wrote (248)	12/1/1999 4:16:00 PM
From: Jeff Bond	Read Replies (1) \| Respond to of 449

How are your options doing? Whats the latest on the puts/calls, is call volume coming up, and are puts holding value or dropping like a rock? Good call, POWI up over $5 on very good volume, all I know is the shares I bought 2 days ago are worth over $4 more than they used to be worth ... for whatever thats worth :o) Dude, $40 is absolute basement discount pricing for POWI, it has become support instead of resistance, as it was for the good part of five months from June to October 1999. I don't know, if the stock maxes out real fast, then I may be way off in my thinking ... it could be a lot higher in a pretty short period of time. I guess some problems we must come to terms with, living with the consequences, however stinking nice they may be. You doing ok ... I am? Regards, JB P.S. The way I look at it, buying POWI for $40 was like buying it at June prices, with all the benefits included, GOOD DEAL.