Thaks for the compliments, I am quite proud of my son's travails there (g). As for SSTI, it is really a value stock here, but I am not sure I like seeing the increasing short position as the price was declining, those shorts often know what they are doing. If they prove wrong, there is good fuel here for a short covering rally, and if the market is behaving, then it should be able to take to congestion areas at the $21 or area and a lot of congestion at $25. If the shorts are right (namely flash is going to follow DRAM into the dump of over capacity and price competition), then who knows ho low we could get. Jay asked me last year how low I thought SSTI could go and at the time I responded that a "fair bear market value" would be $15 (I think the stock was still around $25 then), well, it turned out I was wrong and it did hit $9 so far, if this rally is just a bear market counter trend rally (and right now I think it is), you must protect yourself with stop losses (I would say a breach of $12.25 will negate the current uptrend), since bear markets have a lousy habit of creating very uncommon values... (g).
Zeev |
