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Technology Stocks : Stock Swap

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To: Judy who wrote (12253)2/20/1998 6:43:00 PM
From: Trader X   of 17305
 
SMOD looks like an interesting play, geographicly speaking.

I'd noticed it had held up ok after being hit by a Mac truck today, finding some semblance of support near $30.

chart.yahoo.com

And I was going to dismiss it anyway. But one thing stood out...it opened at 29 from yesterday's close of 36, and proceeded to close higher, about 30 3/4. Big gap down on the chart that COULD get closed back to 36. I wouldn't ordinarily go for one that dropped 6 points, but this one may have a chance to pop up a few points quickly.

-kh
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