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Technology Stocks : Santa Cruz Operation (SCOC) Going Up?

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To: Thomas McManus who wrote ()2/18/2000 12:02:00 PM
From: Jack Hartmann  Read Replies (1) of 656
 
12 month chart not so bad for SCOC. Holding well above the 200 day EMA. Volume declining, after Harmon's push. Support at $16. Not much downside risk. Probably quiet until earnings. Many want to see the sales up. This RHAT rumor is not a reason to buy the stock.
MG and ZACKs showing one analyst (Hambrecth and Quist) following SCOC and HQ expects Mar00 EPS to be 0.08. No negative surprise in five quarter, only positives.

On January 12, 2000 Hambrecht & Quist analyst Chris Galvin issued a 3 page Daily Notes Report on Santa Cruz Operation Incorporated. Report highlights: 'Quarterly EPS are expected to be in the range of $0.06 to $0.08 per management guidance. A MARKET PERFORMER rating was reiterated.'

Insider selling in Dec was when it was higher than it is now. They all missed the huge spike.
insidertrader.com

Institutions have been accumulating and are up to 27%. More room to grow.
insidertrader.com

I see downside to $16 and upside to $30. Unusually positive.
Jack
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