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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!! -- Ignore unavailable to you. Want to Upgrade?


To: Linda Kaplan who wrote (2961)2/19/1998 9:11:00 AM
From: Terror  Read Replies (2) | Respond to of 6565
 
Linda,
I have DIGI in our stock club. I have followed this sucker for a long time. It takes guts to stay with it, I know got in at high and haven't been close since. I have found DIGI to be a range trading stock. This holds true for VLSI also. They don't break out. They go up and then down and then up and then down. Feel like a yo yo at times. Never seems to experience the burst to the upside to break out and free itself to new unchartered upward direction. My advice is to keep adding position at lows and hold on. I am finally at a break even price with VLSI. From averaging down I found it to be better than to loose money. Now it takes guts to add, so I'll wait till we see 19 again. With this stock it's just a matter of time. Learning though years of dissapointment.....and now realizing what the game is.

Good luck,
Keep the faith,
Marcie



To: Linda Kaplan who wrote (2961)2/19/1998 1:52:00 PM
From: OldAIMGuy  Read Replies (1) | Respond to of 6565
 
Hi Linda,
VLSI shares rose up to meet my gtc order to sell 4% of my position at $25-3/8. This is the first time I've been able to sell any shares since last September! That's a long dry spell!

This sale takes the cash reserve back up to 16% of the this account's value. Since VLSI doesn't pay a dividend, the earnings on the cash are much appreciated.

This account is now within 12% of its former high water mark set last Sept. At the low point near the end of January, this account was off about 30% from the high. It's interesting to note that the stock price was off 49% but my AIM account was off just 30%. Again, AIM cushioned the fall.

Now it looks like AIM is doing a good job of inventory control and rebuilding the cash reserve for the next price cycle. We'll part with about the same number of shares when the price hits $26-1/2. Currently, our next buy price is at $18-1/4.

Best regards, Tom