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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 (3464)	5/25/1998 8:19:00 PM
From: DanZ	Read Replies (1) \| Respond to of 6565

Trey, Thanks for your response on ADI. I'm not familiar with the company's fundamentals and my opinion to buy it between 22 and 24 was based strictly on the chart. I agree with you with regards to the SOX index and I wouldn't sell VLSI based on what the index does. However, given the historic correlation between VLSI and the SOX, I think it's important to look at the relative strength (or lack thereof) that VLSI exhibits if the SOX tests 255. Based on my read of INTC, which has a big effect on the SOX both in weighting and psychology, it is likely that the SOX will decline a bit more and INTC will test 71 or thereabouts. If VLSI exhibits good relative strength by either basing or going up during this period (if the SOX declines more), then I think VLSI longs are in good shape.