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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 (3142)	3/10/1998 10:25:00 PM
From: John K. Culley	Read Replies (1) \| Respond to of 6565

Hi Dan.... I followed you over to VLSI from the Zthread, after looking at the charts and watch it trade for about a week. Took a small position last week @ 18 1/2. After reading your posts over the past 18 months, I respect your T/A skills and value your opinion, so I sincerely hope you keep us updated on VLSI. As you've stated, VLSI appears to have firm support @ 18 and first level resistance in the 19 - 20 range. What's your target? Regards, Jack

To: DanZ who wrote (3142)	3/11/1998 7:25:00 AM
From: ricky	Read Replies (1) \| Respond to of 6565

Dan, You express very sound reasons for holding onto your position. I know you've done your homework. The open interest in the puts is higher than the calls which is usually a bullish indicator. There is more negative sentiment and this being a contrary indicator is another bullish indicator. There is support at 18 and if your playing this stock for a point or two you may be doing the right thing by holding. I may be completely wrong but in my opinion VLSI will continue to lose customers to LU and LSI. Their cash flow will decrease and earnings will continue to fall unless they can get their act together. Rick