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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: JoeinIowa who wrote (9649)	10/18/1998 10:29:00 PM
From: Sergio H	Respond to of 29382

< VLSI - August 13 stock at 15, Oct 15 stock at 7. 2M shares is nothing. They need to buy back about 10M. They have the cash to do that. I think they will be a good long term play, if anyone can remember what those are? > Bingo, you win the trip to Tuvalu !!!!!! Jose, they haven't even completed half of the buy back announced in Aug. and what's more take a look at the institutional and insider ownership. There's a ton of good beaten up stocks that can be picked up right now. VLSI can wait till you see the 10M buy back and some other developments. Declining revenues, declining margin and declining book value are not buy signals. If you start seeing consolidation in the semis, then I would change my opinion on VLSI. Sergio