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To: Trader X who wrote (12394)2/25/1998 6:33:00 PM
From: Andrew Vance  Read Replies (3) | Respond to of 17305
 
*AV*--I guess I should be grateful that I have been slow on the research on SEEQ to share with ther group. A delay here seems to be working to our benefit. I do need to get back on task here.

However, I really have been occupied with ALSC, XLNX, ATML, ALTR, LSI, MCHP, LLTR, LSCC, and CY.

Andrew



To: Trader X who wrote (12394)2/25/1998 11:00:00 PM
From: SE  Read Replies (1) | Respond to of 17305
 
SEEQ:

I examined the chart this evening....

tscn.com

Appears to me that support is 2 1/8, maybe 2 3/16 to 2 5/16. This is the bottom of the support range. Was today a fake out? We won't know for sure until SEEQ can break the 2 7/8 barrier. If it does, then today was. However, I think we will get a clue tomorrow. In the past on the bounces off of this support range the chart has shown good volume on the bounce. If there is good volume tomorrow and the stock closes at 2.50 or better, I think today probably was a fake out. The next few days will confirm.

I guess you just cannot jump into these parties too early....let the pattern develop and tell you when it is time to enter the trade. If you recall, that would have been the move to make on PESC as well. I jumped too early. Would have been a profitable trade had I waited.

SEEQ, if you are in, stop at a close of 2 1/8 would be my pick. How about you?

-Scott