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

To: dwight vickers who wrote (284)	1/14/1998 4:27:00 PM
From: Fario	Read Replies (1) \| Respond to of 335

Dwight, Nice move today to above 9. IMO, Short term it will move up with added volume with resistance around 10 1/2 ( Repeating your statement that this stock DOES ignore support and resistance most of the time). As you know, fundamentally the stock is trading below book value. Regardless of Asian situation the stock will perform better than last year since they no longet have the losing system division. I will not rule out small profits this year which will help them at least trade closer to their book value. With a cleaner balance sheet, who knows, may be INTC will decide to grab a larger chunk of them. Technically the stock is oversold and might see a correction. Just My Opinion. Happy investing, Fario