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

To: Doug who wrote (3703)	6/23/1998 4:17:00 PM
From: DanZ	Read Replies (2) \| Respond to of 6565

Doug, I love the volatility LOL...but only because I'm trading in and out of part of my position. I covered the rest of my short Jan 20 calls today at 2 13/16 (took a 1 1/4 point loss) because I don't want to get caught short IF the company is bought out. I also went long 20 Jan 20 calls at 2 13/16 and bought back the stock that I sold yesterday at 18 5/8...got it back at 17 15/16. From a technical perspective, the stock broke out above the upper daily bollinger band yesterday and tested it today at 17 7/8. It held and rallied strongly--very bullish chart action in my view. Good luck to everybody, Dan