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Alliance Semiconductor Corp. Message Board

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  • plantsman plantsman Nov 29, 1997 2:58 PM Flag

    How low is low?

    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.

 
ALSC
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