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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?

To: Michael who wrote (11638)	7/30/1998 10:26:00 PM
From: Don Earl	Read Replies (2) \| Respond to of 14577

Hi Michael, Relax, the market always does what it's supposed to. It just doesn't always do it WHEN it's supposed to. There is a fair amount of inventory that traded in the 5s that I'm sure the MMs would like to see some folks take a loss on. There wasn't enough stock sold below the current price to see profit taking yet, but there might be some stop loss type activity. Depressed issues have a tendency to lag behind the rest of the market, everything else has to get over bought before the bargain hunters start to move in. Another thing hurting SIII right now is the lack of short interest. You really need some short covering for a good bounce and you need a bounce to get the shorts to play it. The promised design win announcements from the conference call might do the trick. Only a handful or real contrary individuals like stocks that have been beat to death. Folks love to buy stock when it goes up real fast and they don't think it's ever going to be this cheep again. If you're in it for a long term gain, ignore the daily movements and wait. The lows are starting to creep up for the first time in months. Probably too early to call it a reversal but at least it's stopped falling. I still can't figure out what the Presidents love life has to do with corporate profits. From the photos I've seen of Monica, I really can't blame Clinton for lying. That's assuming he wasn't just plain too drunk to remember. Regards, Don