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

To: Charlie Stone who wrote (4794)	11/4/1998 6:07:00 PM
From: JohnM	Read Replies (2) \| Respond to of 6565

the close was nicely close to $11. it would be nice if we broke up further. vlsi has a tendency to make these $2-4 moves after getting stuck in a tight trading range for several consecutive trading session. i bought last week around 9 1/4, after VLSI traded five straight sessions within a $1 range. i was absolutely convinced that we would quickly move to $7 or $11, but i'm figuring on $15-20 a share within six months so the downside risk was worth taking. now i'm torn between taking a quick profit, or holding on for further gains.