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


To: E.J. Neitz Jr who wrote (3486)5/27/1998 4:33:00 PM
From: Doug  Read Replies (1) | Respond to of 6565
 
E.J.N: Another low for the record. We need to see atleast a few days of +ve buying to establish the worst is over.



To: E.J. Neitz Jr who wrote (3486)5/27/1998 10:46:00 PM
From: DanZ  Respond to of 6565
 
Edward,

I saw that 150k trade at 15 1/4 but don't think it's all significant. With the exception of that one trade, very little stock traded at 15 1/4 and it bounced quickly. The stock spent most of the day basing between 15 7/16 and 15 9/16. The SOX, Nasdaq, OEX, S&P 500, and DJIA all put in reversals today and I think we are in for a nice rally. My guess is that VLSI will test 17 1/2 to 18 before running into much resistance.

Dan



To: E.J. Neitz Jr who wrote (3486)5/28/1998 3:42:00 PM
From: Doug  Read Replies (2) | Respond to of 6565
 
E.J.N: I was hoping we had seen the bottom ,but at 1420 hrs today the sellers were back.!