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Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: DJBEINO who wrote (3447)	6/26/1998 12:24:00 PM
From: MoonBrother	Read Replies (1) \| Respond to of 9582

Don't worry folks! What we just saw is the climax of the inpatient selling. Someone (perhaps the same person(s) who have been dumping big blocks of the shares in the past couple weeks) has just dumped 1.25mil of ALSC shares. The stock started the day with the downward pressure, showing that the MMs were aware of the big selling orders. Now the question is that if the guy(s) has done his dumping. If that's the case, we've seen the worst. If not, well, we've probably seen the worst anyway. ALSC may have another half point or so down side risk, but has at least 2 ~ 3 pts short term upward potential. My only hope is that ALSC will be kept under $2-1/2 by Monday afternoon, so that my 25 grand funds will be in place for 10k shares. It's Friday, so it always means that the worst is just about to end! Good luck! MB