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Technology Stocks : Xilinx (XLNX) -- Ignore unavailable to you. Want to Upgrade?


To: Matthew who wrote (1642)1/22/1998 2:49:00 PM
From: Scott Violette  Read Replies (2) | Respond to of 3291
 
Matthew,
It appears that the analysts did not like the earnings report or conference call. I hope that it stops falling before 32. If stocks holds above 32 for awhile, I might sell some puts. However, the CC was not overly encouraging.

I think that your crystal ball is broken. It is time for a new one:
<<As for Xilinx, after hours was up to 39 1/2, more often that not the next day follows through. Breaking 40 is certainty(90% chance), closing above 40, I give it a 60% chance.>>



To: Matthew who wrote (1642)1/22/1998 11:06:00 PM
From: Scott Violette  Read Replies (1) | Respond to of 3291
 
On Balance Volume has been dropping since 12/8.

Have you looked at the OBV for XLNX? It has been dropping since 12/8. December's selling can be chalked up to tax loss selling season, but it has sped up in January. Big$ money is selling into the rallies. Rallies have been on low volume.

Not a good sign.