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Technology Stocks : Diamond Multimedia -- Ignore unavailable to you. Want to Upgrade?

To: lml who wrote (3482)	3/17/1998 10:59:00 PM
From: Philip W. Dunton, Jr	Read Replies (1) \| Respond to of 4679

LML: DIMD ran up to the 17 to 17.5 area early last year before it collapsed. Hence, that will be a natural resistance area. I wonder whether this stock is moving up on its own merit or in sympathy with TDFX which hit 29 today. Last time I checked, First Call was estimating 19 cents for the quarter for DIMD but one analyst was recently saying they would beat that by at least two cents. I bought a big position in this puppy between 7 and 8 over the time when it was forming a base. I felt very comfortable when it was trading under twelve but now I'm getting nervous. I think you probably know how these Michael Murphy recommendations have a tendency to collapse with no advance warning. Just look at DIMD last year and take a look at the chart on CY. Both collapsed with absolutely no "top formation" on the chart. Do you think this time is different for DIMD? I sure hope so!! Phil