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: ron delany who wrote (4127)	8/19/1998 6:00:00 PM
From: Trey McAtee	Respond to of 6565

ron-- it has been in a downtrend for a while, and downtrends break. look at it from this perspective...its been down close to 50% from may. this kind of thing happens. as for it going into the single digits, i dont think so. too many people out there who are interested in the stock. good luck to all, trey

To: ron delany who wrote (4127)	8/19/1998 6:11:00 PM
From: DanZ	Read Replies (1) \| Respond to of 6565

Ron, I'm out of VLSI at the moment...sold what I had left at 14 1/16 and decided to trade it very short term for a while. I don't see the stock going to single digits unless they start losing money. For now, I see a trading range between 13 and 15 with an outside chance of it revisiting 12 1/4 or breaking resistance at 15. There have been some blocks on the buy side the past few days and I'm going to guess that it has been the company buying stock as noted in their press release a few days ago. This has been supporting the stock. Dan

To: ron delany who wrote (4127)	8/21/1998 4:24:00 PM
From: Kevin Hay	Respond to of 6565

re: << I just can't understand holding a long position in a stock in a downtrend. I'm flat so don't care either way. But for me the only choices are flat or short on this one at the moment.>> ron, you obviously made a good call. I did have a short order in at 14.25, and then 13.875 (against my long position) but I played too hard to get and they didn't go. today I doubled up on my doubled up position and am quite comfortable with it. nsm and lsi news have hit vlsi hard. nsm doesn't matter, though lsi's warning concerns me somewhat. The only news I have is that I talked with vlsi IR, and he said that July was 'as expected'. LSI said that bookings declined in July. If anyone expert in LSI would care to comment on lsi v. vlsi and wether lsi's warning should concern us, I'd love to hear it. As for Stein, he's led this company through a near total thrashing by intc in '96 and I have a high degree of confidence that he is in fact very busy working to increase shareholder value right now. I think we'll get some good news within a month or two. VLSI, right now, is a case of 'when momentum investing goes bad'. Maybe FOX will do a special..? I don't think it s/have been at 38, but it certainly doesn't belong at 12. tgif -Kevin