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Technology Stocks : Spectrum Signal Processing (SSPI)

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To: Joseph T. Worley who wrote (56)4/25/1997 9:05:00 AM
From: Bob Hasek   of 4400
 
Joe....am also wondering what caused yesterday's drop..two scenarios come to mind...earnings news leaked to the 'privileged' and those numbers weren't very good....or....mm are having a picnic playing with this one and yesterday's action was a great way to accumulate some stock as this issue is in the hands of small investors who capitulate to downward movements...I would hope that this is the case as I see no reason for them to take it below it's marginable position other than to grab some cheap inventory. If earnings come in at .06 or so I would be very happy as it would reflect a nice percentage increase from comparable Q last year. Last Q of year is the strongest and 1Q the weakest so I'm not expecting a whole lot except to see some growth...story hasn't changed and till they show me different I have to play the story.
3 & 4Qs will be the strongest...I do know for a FACT that company is being researched by a well known brokerage and maybe something will come out of it in the next couple of months...till then I guess I'll watch the shorts and mm play.....bh
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