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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!! -- Ignore unavailable to you. Want to Upgrade?

To: lifeisgood who wrote (5821)	3/18/1999 11:04:00 PM
From: otter	Respond to of 6565

Lifeis, you aren't wrong at all, and in normal circumstances I would agree completely with you. (I have a position with another stock that has some of the pre-hostile characteristics of VLSI right now) The difference is - the circumstance we are in is NOT normal. (I don't think I accused you of being short, did I? If so, my very humble apologies) I wish I had been as gutsy as you and bought at 7.5. Didn't start accumulating my leaps until it reached 9; and even at that, was too timid and paid much more than I should have. Then, I didn't buy 17.5s when they were cheap. (Your gain from 17.5 to 18+ is much greater than my gain in my LEAPS....) Perfect hindsight - very imperfect foresight. And yes, I also noticed - more on the yahoo thread than here, btw, comments about how VLSI was worth (Insert silly number here. $35 is a common number....) - sometimes based on - nothing at all. sometimes on some kind of forward looking kind of thing. Sniffing Silly Powder....

To: lifeisgood who wrote (5821)	3/18/1999 11:07:00 PM
From: Linda Kaplan	Read Replies (1) \| Respond to of 6565

It's a great strategy and you're a brilliant trader. The problem is that you bought at 7.5 and I have known the stock longer than you. Only a little more than a year ago it was 36-3/8, so from that perspective, having owned the stock at 36 and having purchased at a much higher price than you, I think that 25 would not be unreasonable. Even if we were to take a middle figure between that high and low we'd have a price of 21-15/16. It's usual that there be a premium, often a very significant premium, at a buyout time. So given all that, I am thinking that 22-25 is pretty reasonable. It's been said many times that the BOD won't accept less than 25, and I don't know if that's true, but I'd guess they'd not settle for much less. I wish I could trade like you. I'm very impressed. Linda