Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DJBEINO who wrote (6697)	12/24/1999 9:14:00 AM
From: AJ Berger	Read Replies (1) \| Respond to of 9582

Relax, just playing devils advocate, folks... spring quarter this stock drifted down from $12 and on earnings took a dip trip to the $7's summer quarter this stock drifted down from $14 and on earnings took a dip trip to the $9's despite ALSC's remarkable portfolio appreciation this quarter, I think the fact that industry memory prices have trended lower this quarter tells me that ALSC's operation number will continue to disappoint, so I predict; fall quarter this stock will drift down from $16 and on earnings will take a dip trip to the $11's Technically, ALSC is trading a lot better than it did this time the previous two quarters as it manages to avoid price drift on lower volume days. I suppose the possible shifting of moneys away from the market high flyers to some quality secondary stocks has something to do with it. I also find it very disturbing that ALSC does not react better when other Semi Stocks get endorsed. People should also be concerned with what I'd call the 'Rambus Effect' as many foundaries geared up to deliver RDRAM this quarter, only to find the entire platform delayed till next year. This effect may cut earnings at many memory chip makers this quarter, and hurt ALSC in sympathy at least until it reports. I sold half my position from $9 this week. If the trend from previous quarters holds, I should be able to buy my shares back cheaper. If this stock finally breaks out of it's rutt, at least I have my other half position to enjoy the benefit. Long term holders should relax since by the summer ADR of UMC, this stock should be trading in the 20's.