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

To: A. Wayne who wrote (983)	1/7/2000 4:01:00 PM
From: Jeff Bond	Respond to of 1225

hi Wayne, The rule of thumb concerning SMTC is simply to buy whenever it corrects down to the 100 dma. From that point, your investment is almost certain to yield a return of 50% over the short-term (less than 3 months). This rule applies as long as SMTC is in a loing-term upward trend, which can be identified as beginning when the 50 dma starts out below, and crosses up sharply through the 200 dma. Long-term macro T/A is hard to find, I've found this 50/200 dma crossover to be one of the most reliable indications a long-term trend is about to begin. For illustration purposes only, I am testing the water in LOR, as I see the 50 dma is in position to move up through the 200 dma. This is the sort of pattern I try to identify, in order to hop on board at the right time, not too early and not too late. It's all guess work frankly, but do it enough and you can develop some ability to accurately predict future price movement. In case I never made this point, T/A is much more reliable when the company you are investing in is fundamentally sound. It minimizes the opportunity for "noise" and unexpected events that make all analysis a moot point. With respect to SMTC, you could not find a better candidate if you looked all year long. Each investor is served by what makes them comfortable, I wish you the best. Hope this helps a little :o) Regards, JB