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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (23194)	4/3/2000 7:27:00 PM
From: Tradelite	Respond to of 57584

Stock to watch..MIPS... chart very interesting. This landed on my radar screen after noticing several days ago that one of my mutual funds (American Fund family) recently bought 1.2 million shares of it, and I wondered why on earth. That's a large position, and MIPS is generally a thinly traded stock. It made some wild moves up and down today. I picked up a little bit in afterhours. Turns out this company is working with Schlumberger, which in turn is probably going to be the big mover and shaker in smart cards. Still kicking myself that I didn't get SLB before its recent move up. I believe but am not sure that MIPS is the company Michael Murphy mysteriously alludes to in his latest ad mailing, where he solicits your subscription to his tech newsletter. Comments on MIPS welcomed. This is another one of those speculative stocks, in my book....I'm still stodgy enough to love things like HD and WMT. :)