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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Linda Kaplan who wrote (54047)	9/27/1998 3:03:00 PM
From: edward miller	Read Replies (1) \| Respond to of 58727

I agree that VLSI has been the pits. What I find amusing is that this thread provided me with the key to trading this one. I had purchased some VLSI in early 1995. Someone posted that Vickers reported the CEO sold something like 14% of his stock. At that time I thought that wasn't unreasonable. Even though the stock eventually traded higher (moving from 30 to 37-38), you know what happened after that. -->> Burned once. <<-- When another poster picked up the Vickers report in 1997 about CEO Al Stein having sold more, I thought about it only a few days and sold everything at about 32. Now I call this the "Al Stein Indicator". -->> Burned once, not twice. <<-- As for today's pricing I think that Beyer's contribution was overrated. He certainly didn't bring in the wireless business, but he had a charming personality that the analysts liked. Also I thought their warning announcement wasn't all that bad, so I decided that the stock is very likely to fill the recent gap and has a good chance of returning to at least 14 within less than one year, even if the market isn't doing that great. This is just my read of what is posted here and what else I can dig up on the internet. Also I felt there is definitely a capitulation attitude among longterm holders at this time, based on the "feel" of the posts on this thread. I'm not picking on you, but your posts indicate that some people are really between a rock and a hard place. When people want to buy and can't because they've lost all their capital, that is the time to give it a good look. Then I saw volume drying up, plus what seems to be sold support right at 7, so I decided to jump in. There you have it - even an old dog can learn new tricks. In other words, I think the weak IR handling of the situation gave me a golden buying opportunity. Time will tell.