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

To: Steve Hufnagle who wrote (697)	11/28/1998 10:29:00 PM
From: Aishwarya	Read Replies (1) \| Respond to of 1225

Steve, If you have been long enough in the shorting business you would be very careful while shorting stocks that cross 52 wk highs. Also keep in mind that Financial institutions monitor short interest daily and when they feel enough are there a big buy will cause panic covering which will lead to a rally. But as usual future is fluid and uncertain. Thats a call we have to make to the best of our ability. John brought some important points in his discussion and TA may show that momentum, stochastics, MA might show a reversal but that is dependant on the market scenario. WE may see a few volatile days till the end of Nov. The downside is however limited and if you do short you will have to be quick and execute with perfection. I say that because all the folks who were waiting to sell for a long time but waiting to recover their investment would have bailed by now. Thanks for the current update John. Regards, Sri.