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Technology Stocks : Semtech (Nasdaq:SMTC) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Bond who wrote (601)	9/15/1998 1:24:00 PM
From: Greg Butcher	Respond to of 1225

Jeff...your right it is a cup and handle... check out this link it will show you if your stock is undervalued or not..and SMTC is.... jcgi.pathfinder.com to enter another co..just click on "back to first page"

To: Jeff Bond who wrote (601)	9/15/1998 9:22:00 PM
From: Kelvin Taylor	Read Replies (1) \| Respond to of 1225

Jeff- $18 is a strong resistance level for the stock. Looking back at daily prices since June 1, '98, only 19 out 73 (25%) have been $18 or higher. In fact the last time the stock closed above 18 for more than 3 days straight was in late June. The average price for this period ending on Friday was $15 5/8. With earnings still a couple months away I would expect the stock to trade in a range of the mid teens until we get much closer the November report. That's not to say the stock in not a good value now. The downside risk is quite limited(IMO)because strong buying support occurs when the stock has broke the $16 mark. The probability of the stock retreating back to below $14 is quite low(about 20%). Also remember the stock gained 24% during the month of August. Not bad...most of the major averages lost about that much! Kelvin