SILICON STORAGE SSTI Flash Mem Message Board

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Technology Stocks : SILICON STORAGE SSTI Flash Mem

SSTI 7.030

+0.6%

Feb 9 3:59 PM EST

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To: JRI who wrote (621)	7/5/2000 1:14:24 PM
From: Rob S.	of 1881

With the sector "priced to perfection" and many stocks hitting resistance levels, it should be no surprise that stocks are vulnerable to a sell off for profit taking. This is the earnings pre-announce period and there may be further discouraging news to knock some wind out of the sails of tech stocks. This should be a trading opportunity but it may be too late to short if you haven't already. Maybe a day too early to buy for a possible run up ahead of earnings in the next couple of weeks imo. This sector (along with many other tech sectors) is highly speculative. I expect a much deeper sell off by October that will take stocks down to somewhat more reasonable values or at least a seasonal and technical buying area. As always, good luck . . . and keep some powder dry.

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