Spectrum Signal Processing (SSPI) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Spectrum Signal Processing (SSPI)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: L. J. Rose who wrote (41)	4/20/1997 10:38:00 PM
From: Joseph T. Worley	of 4400

L.J., I am a long time holder of SSPIF. As much as I hate to say it, based on my information I would say earnings of .13 for the 1st quarter is very doubtful. I spoke with Susan last week. I asked her if the company would be able to report year over year improvements in earnings and revenue. All she would say is "That is our goal" and I didn't detect much confidence in her voice. My gut feel says the 1st quarter profit will only be 5 or 6 cents. I commented that I was happy to see some flow of information regarding new products in the past few releases but that the price of the stock isn't going anywhere until some numbers are included in the releases. She could only tell me that they have many exciting opportunities in the works and that she could not elaborate on them at this time. She did confirm that Jason Zandberg, an analyst with a smaller Canadian brokerage house recently paid a visit to SSPIF and was very pleased with what he saw. I wish I could be more upbeat about the stock. I have been holding this one for a long time. And, although I'm not really down that much from what I paid for it, the run up to $14.50 set my expectations for the stock. I am very disappointed with this one as I'm sure many others are on this thread. It seems like an unbelievable buy under $6.00 but then I thought there was almost no downside left when it was trading at $7.50. The stock got a nice lift of 7/8 last Thursday only to back off again on Friday. This week we will see if we can continue in Thursday's direction or if that was just a 'dead cat's bounce' from the $4.75 range. Any TA experts watching this chart ? Where are the major lines of support and resistance right now ? Thanks for any info.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next