Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: MoonBrother who wrote (2109)	12/10/1997 3:22:00 AM
From: Woody_Nickels	Read Replies (1) \| Respond to of 9582

This stock might be worth $13 but the market always overacts to the up AND down side, so $20 is not too far fetched. I doubt if the Reddy bros. are ready to sell out a) this is the worst time to do so b)they would have to go get real jobs like the rest of us. Like I wrote earl- ier, ALSC only needs to stop bleeding and break even. Losses of .01 or .03 are nuisances, not critical. Nothing some austerity can't cure. Waiting for the cycle to turn is the worst part. Actually, this stock was worth considerably more on a couple years ago and I think it'll get back to $27 (a resistance level) for those with patience/time.

To: MoonBrother who wrote (2109)	12/10/1997 7:16:00 PM
From: MoonBrother	Read Replies (1) \| Respond to of 9582

I was really horrified watching ALSC's price dropping faster than a rock at the end of the day!!! I almost felt guilty that I made such an accurate prediction this morning about ALSC's near term movement! Too bad that ALSC followed the exact trading pattern as expected, which means tomorrow will be the day that we sink under $5 margin limit! What a shame this one is! How ALSC will behave from here? Let's see if it can stay close to $5 tomorrow. If the initial margin related selling is too powerful, it could sink ALSC deeply into mid-$4s. That will dampen the hope to recover quickly. But if the selling presure is not that heavy along the $5 mark, then we could think that we are near the bottom. If we stay above $5 until the end of the week, I'd like to think that early next week could be a good time to throw everything we got into this one! Another hope is that, the big boys who still have big chunk of holdings could also put up their last bet to push the stock away from the $5 mark. That way they will save themselves a bundle by not being forced to sell their margin positions. All in all, tomorrow could be the day that will define our fate: live or die! Good luck everyone! MB