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

To: BWAC who wrote (4382)	9/17/1998 9:37:00 PM
From: DanZ	Read Replies (1) \| Respond to of 6565

BWAC, Unfortunately people don't look at the balance sheet when they are in a panic. That's what makes me nervous about VLSI hanging around the bottom of the base at 7. It would be a big relief if the stock would move up to at least 7 1/2. With option expiration tomorrow, I think that's a good possibility. I immediately placed a sell stop at 6 13/16 after my buy at 7 1/16 filled just in case the stock collapsed. Luckily it held at 7. The bid size got up to 27,000 shares at one point and stayed there for about an hour. I've never seen a bid size that large before on VLSI and I have been watching this stock daily since February. Every now and then a big bid size will flash for a second and then go away. Today was the first time that it stayed at that level for any length of time. A 100,000 share trade crossed at 7 and the bid size didn't even change. My guess is that there are some very big limit orders sitting at 7 and I doubt if the stock will get through there. With that much size on the bid, it's well worth the risk to buy it at 7 1/16 with a close stop. The upside potential is enormous compared to the 1/4 that one is risking.

To: BWAC who wrote (4382)	9/18/1998 9:11:00 AM
From: E.J. Neitz Jr	Read Replies (3) \| Respond to of 6565

BWAC, As a Former Financial Analyst I Spend a lot of time on Financials I also have followed VLSI since 1990--and until the $ 7 1/2 level was not very enthusiastic on the stock. That has kept me out of the stock for many years--but at todays level--I expect to see a 300% gain within three years--and at an average 100% a year gain with very little downside on this stock, I find that compelling. Will the stock head lower? No one knows, but I am not concerned because I am very confident of seeing $ 21/share sometime during the next 36 months--and history is on my side. My only concern is a takeover. I dont want to see a $10 buyout--better for the company to comeback on its own--far more value to shareholders. Bottom line--this stock is dirt cheap.