Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Steve Hufnagle who wrote (635)	11/7/1998 10:12:00 PM
From: Jeff Bond	Respond to of 1225

Yes Steve, John is VERY bullish on SMTC. On 02.07.96 SMTC's 50 day moving average fell below the 200 day moving average, and from that point the price of the stock fell from $12.50 to $7.50 on 11.11.96 when the 50 day moving average finally was able to move up through the 200 day moving average. From that point, an investor who purchased shares at $7.50 could have enjoyed a very nice ride up to $36, when the stock topped on 10.09.98. The return sure makes a strong case for investing in SMTC, at least on paper it does. On 04.28.98 SMTC once again saw its 50 day moving average fall below the 200 day moving average. Since that time, we have seen conditions similar to the last sequence develop. We have seen the price drop, and all the turmoil that goes along with a stock that has violated this technical condition. John has been looking ahead, and quite correctly noted that within a month, the 50 day moving average should once again cross back up through the 200 day moving average. This is technically a very bullish condition that typically marks the beginning of an extended bull run. I expect the price to fall back a little before this happens, since we have gotten a little ahead of ourselves of late. But, in general and detail I completely agree with his observation. A few words can say as much as many thousand if spoken properly, John has chosen the first approach while I chose the second simply to clarify the matter a little. John, thank you for bringing the matter to the attention of the thread, since it is important, timely, and quite significant. Regards, JB