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

To: Mike Harkness who wrote (7652)	12/18/1997 10:42:00 AM
From: Barry Cartwright	Respond to of 13565

For what it is worth! messages.yahoo.com@m2.yahoo.com Andrew C

To: Mike Harkness who wrote (7652)	12/18/1997 12:51:00 PM
From: Mark Sanders	Read Replies (1) \| Respond to of 13565

Mike, Ok, we won't feel sorry for you, even though you are shorting a stock which is at a 2-year low. You should do your homework more thoroughly on Atmel though...it can jump up 5+ points in a hurry once everyone begins to jump onto the bandwagon. My guess is that unless you cover your position before earnings, you'll be feeling a pinch in your wallet. Mark

To: Mike Harkness who wrote (7652)	12/18/1997 1:50:00 PM
From: Tom Nguyen	Respond to of 13565

Mike, shorters like you are welcomed. But, it is not the time. The stock is at 2 year low. You don't want to short a stock at historic low. How much is the risk and reward for you? We here all know that Atmel can pop up very fast. So far, there is preannouncement. The company still has a positive side. Wait until the stock is at 35-40, then short it. Shorters can knock it down, and we will buy it low. You should know Atmel is not the only stock that is having technical breakdown during this crisis. Tom

To: Mike Harkness who wrote (7652)	12/18/1997 2:40:00 PM
From: Doug Skrypek	Read Replies (1) \| Respond to of 13565

Mike: The risk/reward for shorting ATML here just doesn't pay. The potential for you to get smoked is pretty high on both technical and fundamental factors. I am not long ATML, but I am short Jan 98 + Jan 99 Puts. Good Luck