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Alliance Semiconductor Corporation Message Board

  • wdalessi wdalessi Nov 26, 1997 7:24 PM Flag

    How low is low?

    I've have watched this stock dive to $6 per share. It looks really cheap here. Does anyone know of a reason why it might go lower? Is this company unable to compete or something? Please post your idea. Looks cheap to me!

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    • Hi,

      ALSC was recommendation by H & Q back in June '97. The stock was @ $9 and quickly ran to 15. The company reported a loss for this past qrt. and the stock has gone downhill ever since.
      The S&P report (dated 11/15/97) has a bearish rating and a fair market value @ $4.67. Since semi-stocks can experience very wide price swings, be careful about them. Broker recommendations are not always a good indicator of stock performance and this one sure proved that. My advice is to do some research (look at Zacks and S&P reports) and have a long time horizon.
      Hope this helps.

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