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 : Atmel - the trend is about to change -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (9226)	11/17/1998 4:58:00 PM
From: turbi	Read Replies (1) \| Respond to of 13565

Today's turnaround in Atmel's price came on a pickup in volume and at just about the same time the Dow was turning down. At one point today, Atmel was down 1 1/2 points, but volume had continued light (as it has been for several days). Today's volume was the heaviest since November 5. I don't see that Intel's announcement will significantly affect Atmel because of new products and business arrangements with other firms (incl. IBM). My technical concern, however, is that Intel, AOL, AMZN and their ilk are all near or making new highs; Atmel, while up a strong percentage from its low of 6, is way far from its all time high. There was a lot of damage done technically on the way down. Nonetheless, better days are ahead (give it a year or two). Cheers/t