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Technology Stocks : Microchip technology (MCHP) -- Ignore unavailable to you. Want to Upgrade?


To: Taro who wrote (352)2/26/1999 12:57:00 PM
From: John Hayman  Respond to of 475
 
Taro,

Let me check my tea leaves....ah, it looks like this thing is still in a downtrend. I won't touch it until I see some trend change. It is even overbought now, which means short term down. Support....let me get back to you on this, but it looks like the low 20's.

Overall it just doesn't look good right now. With the market beating up on the tech stocks I would be careful here.

I will keep in on my radar screen, keep me informed on your opinions.

later, john