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

To: Charlie Stone who wrote (4097)	8/10/1998 6:19:00 PM
From: Linda Kaplan	Read Replies (1) \| Respond to of 6565

I haven't talked to Dan privately, but my read is that he's depressed. I will chip in for a cheering up party for Dan. I love and miss his usual good humor, too. :-) Linda

To: Charlie Stone who wrote (4097)	8/10/1998 10:27:00 PM
From: DanZ	Read Replies (1) \| Respond to of 6565

Charlie, First, I'd like to thank you for your kindness. I would have thanked you from the bottom of my heart, but it's just as empty as my wallet right now. LOL On a more serious note, I'm grateful to have met so many nice people on SI. It helps me smile on rough days. I haven't thrown in the towel but I have been trying to focus better on the discipline that made me a successful trader before the recent debacle in VLSI. I have been nibbling at the stock the past few days although I'm keeping it on a short leash so to speak. The SOX ran into resistance at 270 again yesterday and retreated today in an overall weak market. I think the SOX will break 270 soon and begin a move to 310. VLSI should move to resistance between 16 and 16 1/2 if the SOX breaks 270. I wouldn't read a lot into today's trade since the volume was so low. It's easy to move this stock down 1 point in a weak market when the volume is so low because the bids weren't there to support it. I still think a significant low is in at 12 1/4 although I give it a 50/50 chance of testing the 12's again. There's also a gap between 13 3/4 and 13 7/8...wouldn't surprise me if it is filled but it would be particularly bullish if it isn't filled in the next few days. Moral support? Ok, here's some...Below, I have listed the returns in several major indexes from the intraday low on June 12 to the intraday high on August 7. SOX: +22.1% Nasdaq Composite: +8.7% S&P 100: +3.3% S&P 500: +2.0% Dow Jones Industrials: +0.3% IMO, the SOX will continue to outperform the rest of the market over the next few months as investors seek better values. VLSI is up 4.7% from its intraday low on June 12 to its intraday high on August 7, so it underperformed the SOX by 17.4% during that period. Buyers of VLSI at the current price will get a double positive whammy if the disparity narrows and the SOX continues to rally. Linda, Thanks for your kind words as well and for offering to chip in for a cheering up party. You're so sweet :o)...I could definitely use some cheering up right now. Dan