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 : Stock Swap -- Ignore unavailable to you. Want to Upgrade?

To: Andrew Vance who wrote (14875)	7/17/1998 11:32:00 AM
From: Andrew Vance	Respond to of 17305

AV--Some elementary TA and some Microprocessor hijinx. [CPU Compusa, Inc ($20.8 13) broke a double top at SI 9-50- This is the second consecutive buy signal but ot comes from below the downtrend line which is at 28. Support is at 15 1-2 so the risk reward ratio here is not good enough for a trade. Stay on the sidelines for now. [CUBE C Cube Microsystems Inc (S 19.625) broke a double top at $19.50. Breaks through the Bearish Resistance Line while giving tile second buy signE off the bottom. Weekly momentum just flipped positive. However, the RS remains on a sell and in a column of Os. Ok to trade this one for a move to the mid 20's and use a stop loss of 17. [CYMI Cymer Inc. (54.187) broke a double top at $17.00. Was able to hold a triple bottom at 15 recently, which is just above the January lows (where it held a triple bottom at 14 1-2). So this area around 14 1-2 to 15 is very good support for this stock. The main trend is still negative as is RS, but the weekly momentum has just turned positive; could be a good bottom fish play for traders. The Electronics sector just reversed up and gave a buy signal, too. Can tiade here with a stop point of 14 which would move it through all support. First upside resistance is the downtrend line at 22. [DY) Dycom Industries Inc ($36. 125) broke a double top at $37.00. This is the fourth consecutive buy signal and it follows higher bottoms. Demand is in control. OK to buy here with a stop loss for traders of 32, a double bottom break. Microprocessors makers are rapidly pushing their factories toward the newest technology in a mad dash to undercut competitors on price while beating them on performance. The race to make the fastest computer chip at the cheapest cost has companies such as Intel Corp.(INTC) and Advanced Micro Devices Inc.(AMD) rushing toward 0.l8-micron manufacturing. Now that production is slated for the second quarter and will produce fairly large volumes of chips quickly, the company said. Intel presently makes chips at 0.25-micron widths and AMD appears to be stepping up its efforts as well. The Sunnyvale, Calif., maker will announce a "strategic alliance" with Motorola Inc (Mot) on Monday that will result in the cross license of technology and a co-development agreement. The agreernent is to focus on microprocessor "process," or production technologyr and according to a market source, bring AMD 0.18-micron technology. An AMD spokesman declined to provide details in advance of the announcement. AMD, like Intel, manufactures at 0.25 microns. Andrew