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

To: Kevin Hay who wrote (3688)	6/22/1998 10:11:00 PM
From: DanZ	Read Replies (1) \| Respond to of 6565

Kevin, I don't think takeover hype normally has staying power but VLSI was strong all day and closed near it's intraday high. If today's move was based on hype, I would have expected selling to bring the stock down to at least the middle of the trading range. LSI was the only stock in the SOX that was down today. I think this is highly unusual on a day when the SOX was up 10.12 points (4.3%) and several SOX stocks were up over a point. Smart money does not usually chase rumors that have no merit and smart money bought VLSI and sold LSI today. This is a big clue that there might be a link here. I wouldn't want to be short under these circumstances and I sincerely hope that everything turns out ok for you. If VLSI is the subject of a takeover, I hope you will have covered your short by then or bought call options for protection. Best of luck, Dan