SI
SI
discoversearch

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: Chris Chang who wrote (1888)10/30/1997 10:07:00 AM
From: MoonBrother  Read Replies (2) | Respond to of 9582
 
Looks to me that the selling pressure is completely dried up after yesterday's big order sell off at the end of the day. So far only 11200 shares traded with DOW down about 100pts and NASDAQ down about 30pts. Normally ALSC would be brought down at least 1/2pts. Last check the asking has actually went up 1/8 to $7-3/4. I'm expecting a close up day today. We don't need a big buying volume to lift the stock, probably 50,000 shares will do it, since the selling pressure is completely gone!

Buckle up and enjoy the ride!

MB



To: Chris Chang who wrote (1888)10/30/1997 2:04:00 PM
From: Norrin Radd  Read Replies (1) | Respond to of 9582
 
Off topic: Hi Chris, I just punched up my account yesterday on the Waterhouse Securities, Inc. Web Broker and saw that the closing prices of all but one of my stocks were incorrect. This in turn, caused erroneous house calls to be generated which are supposed to be "in the mail".

The Los Angeles office confirmed that many customers across the country had this problem across the board because the computers had some kind of error, putting up closing prices that were lower than the actuals.

If you have no margin debt, then you don't care. But if you do and you are close to the edge, you may care a lot about this. You must look over your own account and verify the amounts on any house calls/margin calls that you may receive.