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To: vincenzo who wrote (595)3/13/1998 4:29:00 PM
From: Czechsinthemail  Read Replies (1) | Respond to of 3645
 
vincenzo,
So in light of all this have you been lightening up your holdings? How do you see the balance between negative sentiment regarding a possible Intel announcement and positive sentiment regarding a possible Toshiba announcement?
Baird



To: vincenzo who wrote (595)3/13/1998 5:09:00 PM
From: Tai Jin  Respond to of 3645
 
Interesting. There must have been some insider selling at the previous peak in late Sep and early Oct. If the insiders have been selling this past month then I think we're near the end of the selling pressure given the recent volume. Now I don't know if the stock will go up or down from here, but the chart would indicate that the stock will soon break from its current range. On the positive side, the formation appears to be an ascending triangle (although the top has a slight down slope) and the 50 day EMA is moving above the 200 EMA and both are moving up. The downside could be the forthcoming news from Intel, and perhaps, as you suggest, that might be triggering the recent selling.

...tai