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Technology Stocks : Semtech (Nasdaq:SMTC) -- Ignore unavailable to you. Want to Upgrade?


To: Jeff Bond who wrote (959)12/28/1999 10:42:00 PM
From: John Morrison  Read Replies (3) | Respond to of 1225
 
Today, CNBC put up the list of the top performing 90s stocks again -- but this time they only showed the top three which were DELL, EMC, and SCR. Too bad they didn't use a smaller font as they did yesterday so that they could show the top 5. Perhaps Semtech will do better in the 00s. The Mutual Funds do seem to like it, because it seems every time one sells there are two waiting to buy. I remain confused as to why they sometimes move with the Semi group and at other times do not. The group is not tightly correlated, it appears. The current phase may go to $73 or better by end of February (if comparable to the last move off of the 100 dma). Of course lots of folks with lots of money and stock have the power to make me wrong. And as evidenced by the recent runup of Juno, momentum buyers don't always know what they are doing. A lighting fixture company that just happened to have the stock symbol, JUNO, ran up on volume much to the fixture company's surprise on news that the internet company, Juno, was going to start a free ISP. The name Semtech doesn't really communicate very well what the company does, does it?