Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Kimberly Lee who wrote (14731)	8/29/1999 10:15:00 PM
From: Panita	Read Replies (1) of 108040

RE: Follow up on SSAX. On August 30 SSAX will be coming out of Small Cap 600 index. IMHO index funds have been selling before that day and therefore SSAX hit 1 3/8 on Friday. I am looking to get in on Monday at 1 3/8 or below if I can, and here's why: - Earnings were announced 10 days ago (Aug 19th) so no negative surprises as result of negative earnings in the next 3 months. Earnings press release indicated company will be profitable next year. - SSAX got a 41 million loan which will be good enough for 6 months to a year. So the company is not going to go away tomorrow, next week or in three months. - I am looking for a run in the ERP Software companies in the fall (PSFT, MANU, ITWO, SAP, JDEC, CPWR, SSAX etc) These companies have been hit hard in 1999 due to Y2K fears. Now that the new year is around the corner this stocks will rock. - A new CFO coming from IBM's Tivoli division. Why would he leave a top position at IBM to come to a long term loser. -Friday SSAX announced a new version of their their software. Windows NT. We all have heard of that one. -Company will have a reverse split where the float will be cut to 5.15 million shares. -At all times low (IMHO due to the news of pull out of S&P small cap 600 index on Aug. 30th) SSAX should be good for a double to 3+ within the next quarter if not sooner. Place SSAX in you radar and if it goes down Monday due to the pull out of the index consider buying it. You can check the fact at Yahoo SSAX news: biz.yahoo.com

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