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

To: DanZ who wrote (3128)	3/7/1998 1:37:00 PM
From: WTSherman	Read Replies (1) \| Respond to of 6565

Dan, I don't hold VLSI long or short(right now), so for your sake and others who own the stock I hope you are right. However, I do think that TA cannot be exclusively relied upon under the kind of circumstances that the market represents today or how a stock like VLSI acts. While I'm certainly not a technician, I believe one could argue that the move through 23 in mid Feb and the move through 25 10 days later were strong positive indicators...only to be followed by a collapse to 18 on REAL news. I am without any hard facts to support my feelings, except having followed this stock for the past 6 years, been in and out many times and being convinced that there is another shoe to drop. JMO, of course...