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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 (3885)	7/17/1998 12:27:00 AM
From: DanZ	Respond to of 6565

Kevin, I think a trading range between 18 and 20 1/2 is the most likely scenario and I plan to trade it in that range until it breaks out one way or the other. As I have for the past month or so, my plan is to trade 1/3 to 1/2 of my position and hold the rest for a breakout...long only. The SOX continued its breakout today and will move higher IMO. VLSI follows the long term trend in the SOX and eventually the stock will get back in sync with it. It diverged today but I don't think that will last long. I sincerely appreciate your comprehensive summary of the conference call. BTW, I just read on the VLSI Yahoo thread that Kurlak cut his estimate for 1998 to 40 cents from 50 cents and for 1999 to 86 cents from $1.00. I think his report came out before the close of trading today but the word didn't really get around and the stock could be a little weak tomorrow. I would use weakness towards 18 to buy the stock. messages.yahoo.com@m2.yahoo.com Dan