SILICON STORAGE SSTI Flash Mem Message Board

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Technology Stocks : SILICON STORAGE SSTI Flash Mem

SSTI 7.930

+0.9%

Dec 23 3:59 PM EST

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To: Rich who started this subject	12/5/2000 5:06:13 PM
From: Mary Remington	of 1881

Briefing.com likes SSTI Silicon Storage (SSTI) 13 3/8 +15/16: If you were slow on the draw and didn't pull the trigger on getting back into the tech sector prior to this morning's huge rally, don't worry about missing out... Though many of the momentum names have posted sizable gains already, a number of second and third tier names are just beginning to warm up... One example is Silicon Storage... Hammered along with the rest of the chip sector in recent weeks, SSTI now trading at 11.4x estimated FY00 earnings of $1.17 and 5.2x projected FY01 earnings of $2.59... Interestingly, earnings estimates for SSTI have actually risen in the past 30 days from $1.14 and $2.30... Though the price action suggests that many investors don't have a lot of confidence in those estimates, at current levels even if we get a warning from the company in the days ahead the additional downside risk should be limited - as most of the potential for bad news is already priced in... And if management stands by its earlier guidance than the stock represents one of the best values in the entire tech sector... Technically, the stock looks sick - as does most of the sector... Also like much of the tech sector SSTI is deeply oversold and due for a bounce... Initial resistance is in the 15 1/2 to 16 area... A break of this ceiling would position the stock for a near- to intermediate-term test of the 20 area (50-day moving average)... A move to this level might not alter the longer-term bearish trend, but it would still represent a nice 50% rally off current levels... Initial support is at the 11/30 low of 11 1/2.-- Robert Walberg, Briefing.com

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