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

To: Trey McAtee who wrote (3459)	5/24/1998 11:16:00 AM
From: DanZ	Read Replies (3) \| Respond to of 6565

Trey, I agree with you completely. VLSI is down in sympathy with the SOX and the stock has been beaten down considerably below what it is worth. The market will eventually come to it's senses and price VLSI more fairly. The good news is that the SOX has support between 260 and 268 (check out the daily lows between January 14 and January 27) and more support at the lower weekly bollinger band at 255. That's a lot of support near Friday's low of 269, and when coupled with the extremely bearish sentiment towards semiconductor stocks and rampant shorting, the bottom is near. I posted some comments based on fundamental and technical analysis at Message 4576504 if anybody wants to take a look at it. Comments are certainly welcome, both if you agree or disagree with me. PS to Tom V. Thanks for the link to your AIM page. I don't trade based on AIM because I think shorter term in most cases but it looks like a very smart way to invest for longer term investors. Best of luck...I feel confident that AIM will prove itself once again in this case. Dan