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Semtech Corporation Message Board

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  • plantsman plantsman Jan 11, 1998 1:31 PM Flag

    Rally in Tech Sector

    Predicting a stock price at anytime in the future can be very difficult because of the numerous factors (economic news, Asia crisis, earnings, etc). I will say that if SMTC reports good numbers, as expected, a higher price by summer if not by spring is a strong possibility.

    Anyone who wants to invest in semi stocks should always be prepared for sharp price fluctuations. As long as earning continue to impress, SMTC should be a very rewarding stock.

    Below is a recent thread posted on SI by a fellow investor who is very bullish on SMTC.


    To: John F. Poteraske (674 )
    From: Todd D. Wiener Monday, Jan 5 1998 9:30PM EST
    Reply # of 687

    Unless some bad news emerges, SMTC appears to have bottomed. The high-volume breakout thru $40 today is quite encouraging.
    The next area of resistance is $44-46, the locations of the 200-day and 50-day MAs. If SMTC can reach $46, the next resistance
    is the mid-50s, wherein lies the 100-day MA and the previous failed breakout attempts. It's conceivable that SMTC will rally to
    the low-50s, fall back to the 200-day MA in the mid-40s, and breakout on news of a good Q4 (mid-February). At this point, the
    stock should attempt to revisit its previous highs.

    Technically speaking, SMTC is looking bullish.

    Gee, I wonder where our little TOMcat is?


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