Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Doug who wrote (3742)	6/29/1998 4:57:00 PM
From: DanZ	Read Replies (1) \| Respond to of 6565

Doug, Here's the daily close for VLSI and the SOX starting with the day that VLSI and the SOX made their 52 week lows. VLSI SOX Date Close Pct Chg Cumulat. Close Pct Chg Cumulat. 6/12/98 15.250 235.62 6/15/98 15.625 (+ 2.5%) (+ 2.5%) 232.62 (- 1.3%) (- 1.3%) 6/16/98 16.593 (+ 6.2%) (+ 8.8%) 243.66 (+ 4.8%) (+ 3.4%) 6/17/98 16.875 (+ 1.7%) (+10.7%) 234.65 (- 3.7%) (- 0.4%) 6/18/98 17.375 (+ 3.0%) (+13.9%) 239.07 (+ 1.9%) (+ 1.4%) 6/19/98 16.312 (- 6.1%) (+ 7.0%) 236.10 (- 1.2%) (+ 0.2%) 6/22/98 19.062 (+16.9%) (+25.0%) 246.28 (+ 4.3%) (+ 4.5%) 6/23/98 18.750 (- 1.6%) (+23.0%) 253.15 (+ 2.8%) (+ 7.4%) 6/24/98 19.375 (+ 3.3%) (+27.1%) 259.01 (+ 2.3%) (+ 9.9%) 6/25/98 18.875 (- 2.6%) (+23.8%) 253.15 (- 2.3%) (+ 7.4%) 6/26/98 18.250 (- 3.3%) (+19.7%) 251.04 (- 0.8%) (+ 6.5%) 6/29/98 16.125 (-11.6%) (+ 5.7%) 250.13 (- 0.4%) (+ 6.2%) Total (+ 5.7%) (+ 6.2%) With today's move, VLSI is again trading in sync with the SOX over the past three weeks. IMO, the rumor is now out of the price and VLSI will follow the SOX around unless another rumor surfaces. VLSI could make a double bottom at 14 1/2, but I still maintain that this is unlikely to happen unless the SOX retests its low near 230. BTW, VLSI closed on June 19 (the day before the rumor) at 16 5/16, slightly higher than where it closed today. Dan