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

To: exhon2004 who wrote (7810)	1/14/1998 9:33:00 AM
From: Daniel P. Dwyer	Read Replies (2) \| Respond to of 13565

$64.00 question. Intc's position is so vastly different from other chip makers that comparisons are not all that helpful. By dent of some association, there should be a rise in atml. If there is fall, atml will be mired at this level for a long time. The essential problem with atml may be that it is no longer a growth company. If that is true, it's volatility will be significantly reduced. That is not good news for people like steve who bank on atml's wide deviation to exploit puts and calls. It is not good for bull's, because any recovery in the stock will be no more than a market performer. With that having been said, there is enough price leverage here to lift the stock to 25 over a short course of time, but then I think it will have a narrow trading range in the mid twenties for the indefinite future. Option traders ought to look for another bank, as the bank of atml is no longer open for business. Dan Dwyer