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Technology Stocks : Atmel - the trend is about to change -- Ignore unavailable to you. Want to Upgrade?


To: im a survivor who wrote (13160)9/25/2003 4:27:49 PM
From: im a survivor  Read Replies (1) | Respond to of 13565
 
I can't believe we are back into the $3's and probably heading lower....quickly....werent we just above $5 like a week or 2 ago?

Sad. Should have sold above $5, should have been smarter and put a stop at $4.50, as this looks like it is in free fall mode



To: im a survivor who wrote (13160)9/25/2003 10:57:56 PM
From: tech101  Read Replies (1) | Respond to of 13565
 
ATML is very undervalued in my opinion compared to its peers because its fabs dragged its performance during the past couple of years.

However, the situation is different now - the economy is recovering, chip price is firming, and even going up as evidenced by most of us. ATML is in the right direction with its product lines - consumer electronics, digital camera/video, wireless, flash memory, ...

It is very unlikely that ATML would make a warning the coming week when warnings from some weak companies would possibly coming out, and an upside surprise for Q3 is very realistic.

The price drop is probably caused by hedge funds selling (the smart money) and profit taking. I believe ATML will soon start to make profit, and its fabs will become an advantage rather than a burden.

I am not selling, and consider buying more at some point.