The Amateur Traders Corner Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Amateur Traders Corner

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tom Hua who wrote (2359)	10/22/2000 1:18:02 PM
From: lifeisgood	Read Replies (1) of 19633

Tom, FWIW, STEC is in a very cyclical market (the cycle currently appears to be headed down). They have high debt and little cash. Price/Book is high but comparable to others in their industry. IMO, these types of stocks can be explosive in the right environment. I'm not sure the current environment is conducive to much excitement in that area. If I had to guess, I would predict that STEC price and investor enthusiasm tracks the SOX fairly closely looking forward. Going public at the end of September likely hurt the stock. If you have Charting software that lets you do comparisons, do one for the SOX and STEC (I did but can't forward the chart). They are almost perfectly correlated. STEC went public when the SOX was ~900. Had they IPO'd say in March or June when the SOX was ramping, STEC could easily have been in the 30's or 40's IMO. The current environment for semiconductors and memory is volatile and I have no positions in any of them. Good luck on your position. best... LIG

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next