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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 (3430)	5/21/1998 4:15:00 AM
From: ron delany	Read Replies (2) \| Respond to of 6565

I'm only including 2-19-98 (@25) 3-27-98 (@17.5) 4-28-98 (@22) and 5-20-98 (@17.5.) as the points of the triangle. Also a consideration is the 4-28 high volume failed test of resistance at @22 and a 5-14 failed high volume test @20.5. I'm not counting the Jan number which I consider part of the the regular downtrend from the 30's. The 50 cents is from First Call (it's the low admittedly but I did say as low as). The growth for last five years (first call) is 16% likely 15-20% for the next five. That's with about 100% last year over the year before and minus 50% this year. (I have 1.36 last year and assuming about 70 cents this year.) If earnings come in on the low end or the one year growth rate is less than minus 50% you could have a $10-12 stock which this one has been not that long ago. The semis have been weak Kurlak might be right. You've heard the story. Don't get me wrong a bounce is likely here but with traders on this thread talking about selling at 19 1/2 (down from 20 1/2 last time) it's getting awfully tight at that point.