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: John Morrison who wrote (709)	12/3/1998 1:55:00 AM
From: Jeff Bond	Read Replies (1) \| Respond to of 1225

The ones @ 0945 for $30 3/4 and $30 7/8? Those were bigguns, weren't they? I checked with my accountant ... he says the second one wasn't mine :o) We took care of the the gap on November 30th, then filled in nicely the past 2 days. It sure seems like a run of this magnitude is going to need to mellow out at some point. I am inclined to think SMTC may idle for a while (maybe for an extended period) in the $29 to $33 range. An earnings revision or news may interrupt, but in the absence of anything extraordinary, I don't see how this can continue forever. On the other hand, the sellers sure seemed to disappear as soon as it got below $31. My guess is there is MINOR :o) accumulation occurring now, for the inevitable good news that will begin coming out next quarter. I considered 2 factors key to determining how much SMTC had turned the corner this past quarter, shrinkage of inventory levels, and an increase in turns business. BOTH of those factors weighed in heavily in favor of continued growth. If you add the fact that SMTC has a good handle on bringing margins back up to the 50% level, we really have all the conditions for a nice earnings suprise next quarter. I think some folks already have reached the same conclusion ... but you gotta promise not to tell anyone :o) I've watched SMTC ignore every indicator, and simply continue to climb despite a total absence of any buy signals. I sure am not receiving any strong buy signals, so the current support at these levels must be fundamentally based, and that is usually a VERY good sign looking forward. I'm content ... how about you? Regards, JB Hey JP, was that second 25,000 share block today yours?