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Technology Stocks : SILICON STORAGE SSTI Flash Mem
SSTI 7.560-1.0%12:43 PM EST
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To: BradleyMarshall who wrote (564)6/2/2000 11:30:00 AM
From: Mr. Miller  Read Replies (1) of 1881
 
So it should be ~$80 by January 2001 not now right? I know we are all wanting stocks to fly since we are all bulls. SSTI is a great company and I happen to think SSTI will be much greater than $80 by January 2001 since the rising interest rates will have been over way before then. I expect another rate hike by the FED this month. Why wouldthe FED raise rates again? Well, if you know the answer to why the FED has raised rates at all, then you know why. There is little inflation and yet the FED has raised rates too much IMHO. Thus, in a rising interest rate environment, a current P/E of over 200 is way too high. If SSTI stays at $100 for the next six months, it still will have a P/E of over 50, when eps for the next five years is projected at less than 40. Great company but irrational exuberhance is taking hold again of the markets.

I won't be the one to tell you not to buy or even to sell. I say hold through as I am. I would not be shocked to see the markets turn lower for the rest of June and have SSTI head for the 200DMA. If it doesn't, I could care less. I am not trading since I have no guarantees that it will test the 200DMA. I only know that future growth is great and timing the market has NEVER worked.

IMHO
Miller
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