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Technology Stocks : Atmel - the trend is about to change
ATML 8.1400.0%Apr 12 4:00 PM EDT

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To: tech101 who wrote (13517)2/9/2006 8:32:50 PM
From: Petz  Read Replies (1) of 13565
 
ATML is one of my favorites, since it seems they are being smart about removing themselves from straight commodity memory markets and attacking high growth segments. This Needham "growth conference" presentation is a great summary, though it was before the surprisingly good Q4 earnings: library.corporate-ir.net

"5" is a key level, since many institutions will not buy anything less than $5, and, for the most part you can't buy on margin below that.

I have no idea why ATML was so strong today, but it would be a very good sign if $5 starts acting like a support level.

Petz
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