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Technology Stocks : SMSC Standard Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Fario who wrote (283)1/14/1998 8:48:00 AM
From: dwight vickers  Read Replies (1) | Respond to of 335
 
Fario,

Volume has picked up and the late $8 7/8 print yesterday is a short term breakout.

Specifically, do you see the resistance at $10-$10 1/4? Not that this stock doesn't ignore support and resistance most of the time.

What's your take on the fundamental situation? Especially how SMSC is affected by Asia.

Dwight



To: Fario who wrote (283)6/5/1998 2:44:00 PM
From: Fario  Read Replies (1) | Respond to of 335
 
Stock is holding up well at these levels. Back in
Mid-April some higher volume came in on the upside.
The stock acts IMO that it is expecting a good Qtr.
Last QTR they turned in some profit and
they might just do it again. IMO SMSC is
staging for a mini rally.
Watch for some volume above 80K.

FWIW,
Fario


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