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   Technology StocksSeeking investment advice on CHPS or DAWK


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To: Rosemary who wrote (1)10/31/1996 5:05:00 PM
From: Gregory Cole Brock
   of 55
 
Rosemary,

Looks like CHPS is in a classic consolidation. I just picked up a
1000 at 19. What I am wondering, as in all consolidations, will it break
up or down. It still has a gap to close at 15. Will it close the gap
before breaking out north?. I am betting at a 13 pe and increasing
margins it has to break up. What do you think?

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To: Gregory Cole Brock who wrote (2)11/4/1996 7:05:00 PM
From: Rosemary
   of 55
 
Hey Greg,

Semiconductors are going to have a great year in '97. Whenever I see a stall or sideways move on a good company, it usually goes up. People are paying too much attention to the elections, which usually means nothing anyway, but some analyst told them to worry. So they do.

Take a sample of friends and associates. How many have a new computer? How many upgraded chips? Modems, etc. You'll be surprised. I personally was responsible for selling chips. I told a few people to jump on them while the price was down, and everyone did.

We don't need analyists to do our homework for us. CHPS is a hold for sure.

Happy investing, Rosemary

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To: Rosemary who wrote (3)11/4/1996 9:16:00 PM
From: BobMonski
   of 55
 
Rosemary,

I found the following news item on CHPS which confirms we have at least one more good quarter to come:

CHIPS & TECHNOLOGIES (CHPS)
Chips and Technologies Inc. expects its gross margin for the second
quarter (ending 12/31/96) of fiscal 1997 to remain at approximately the
same level as the first quarter's 47.8%. The second quarter of fiscal
1996 saw a gross margin of 39.1%. The company forecasts its net sales
will increase sequentially in the next quarter from the first quarter's
$44.5 million. First-quarter sales increased over fourth quarter sales
of $38.8 million. Revenues have risen sequentially since the firm
recorded a dip in sales for the third quarter of fiscal 1996 when sales
dropped to $36.5 million from $38.3 million in the second quarter.

Dave

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To: Rosemary who wrote (3)11/5/1996 7:53:00 AM
From: Gregory Cole Brock
   of 55
 
Rosemary,

Wouldn't you agree that CHPS is not just another chip company.
What I mean is that they do not have a lot of direct competition.
This is why their margins were so good last time. Plus they are
supplying the laptop industry which is growing faster than the PC
industry.

By the way, They should break out within a week according to the pattern.

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To: BobMonski who wrote (4)11/5/1996 12:00:00 PM
From: Rosemary
   of 55
 
Good news Dave,

I expect the semi's to have a fantastic year in '97. There is also a company which you may know about already, VLSI. The volume is strong.

The momentum players have found this company. They like to short it when it hits 20. They cash in at 15 and take it up. I wish I played with them. CHPS is in a much better financial position. So I don't really expect that same type of volatility. Who knows?

I like to do industry trends, Chip makers are going up.

Happy investing, Rosemary

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To: Gregory Cole Brock who wrote (5)11/5/1996 12:06:00 PM
From: Rosemary
   of 55
 
Greg,

CHPS sells their product to some big name Corporations. I expect the
price to be in the 30's. I can see a great future for this company.

By the way, I don't own this stock yet, so my opinion is very unbiased. I will own it though. Happy investing. Rosemary

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To: Rosemary who wrote (7)11/5/1996 12:44:00 PM
From: Gregory Cole Brock
   of 55
 
Rosemary,

Not owning the stock could mean that you are biased downwards.
The gap at 15 is ominous when you think about the number of
shares that have traded in the 19-20 area. It may have a tough time
getting through that level. If it does it should go at least 20% quickly.
If not you may see it at 15 before it goes back up.

I like the fact that the NASDAQ supported off the 1200 level instead
of doing a double top pattern and dropping to 1050. We should see
higher levels for the general tech market short term. This alone
could take CHPS through this consolidation.

Maybe buying half now and half after the stock exits the
consolidation at either 21 or 15, whichever comes first, is the way to
go.

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To: Gregory Cole Brock who wrote (8)11/6/1996 10:03:00 AM
From: Rosemary
   of 55
 
Hi Greg,

The only reason why I haven't bought into CHPS is because I am fully positioned in the market. No money. I need to sell something. I am watching one stock closely for a sale, then I'm in to CHPS.

If you think it will consolidate downwards, I have patience. Most of them do go down after good news. But this Co. had very good news, so I expect it to hold the line and go up. If they are big on reporting to the newswires, then the co. holds. I'll be watching closely.

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To: Rosemary who wrote (9)11/6/1996 10:51:00 AM
From: Gregory Cole Brock
   of 55
 
Rosemary,

I think it will break north but I am biased. I think the break points
now are a close above 20.5 or below 17.5. It should accelerate from
there. This is strickly technical but I believe the fundamentals
support the long position very favorably.

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To: Rosemary who wrote (9)11/6/1996 12:20:00 PM
From: BobMonski
   of 55
 
I saw the following posting over on AOL:

Subj: Re:Salomon Hi Tech meeting
Date: 96-11-05 21:37:40 EST
From: TheDowTen

CHPS will be presenting on Thursday at 9 AM in NYC at the Salomon Bros. High Tech conference with a break out session at 11 AM.

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