Yes, I was partial to SSTI last spring. It looks like the street is looking for .47 from SSTI on 2-1-01
of course they did delay their results due The delay is due to continued work on the 4th quarter and Year-end close process.
so is that trouble?? who knows, that news and the SNDK implosion certainly marked SSTI down.
I did notice it trading up today.
here is an article that may generate an idea or two. SSTI is mentioned as a stronger performer.
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24-Jan-01
What Now?
[BRIEFING.COM - Robert Walberg] Since the Fed lowered the funds rate by 50 basis points on January 3rd, the Nasdaq has risen by 26%. That's the good news. The bad news is that many investors were too busy licking their wounds from last year to fully participate in the move. If you're one of those investors, then you're probably asking yourself, what now...
As outlined in today's Tech Stocks page, the powerful combination of lower interest rates and increased liquidity should propel the Nasdaq higher than most pundits predict. Consequently, it's not too late to put money (back) to work in the tech sector. The job of stock selection is just a little harder.
One good way to find potential winners is to follow the money. Though we've discussed this strategy several times over the past few weeks in the tech general commentary, it bears repeating here. While it's not crucial to be first, the sooner you can identify and take advantage of rotational money flows the better. Early this year we noted that money was flowing back into the telecom services, hardware and chip stocks. This is still the case. As such we suggest taking a look at stocks in these industries for investment candidates. What you want to look for are stocks that have enjoyed strong first moves on healthy volume. Some examples include IBM (IBM), Dell (DELL), Apple (AAPL), XO Communications (XOXO), Global Crossing (GX), Level 3 (LVLT), Linear Tech (LLTC), Silicon Storage (SSTI) and EMC (EMC). Despite the recent gains, the impulsive nature of their advances suggest that these stocks have more room to run. On the other hand, stocks that have labored to move higher during this period are likely to continue underperforming over the near-term. Sun Microsystems (SUNW), Gateway (GTW), Micron Tech (MU), Analog Devices (ADI), Vodafone (VOD) and Hewlett-Packard (HWP) quickly come to mind.
Coming to the party a little later, but catching up quickly, are the optical networking, storage, Net and software groups. Identifying those stocks that made strong initial up moves on sizable volume totals will work just as well with these stocks as with the groups cited above. Some names that fit the pattern from within these industries include: America Online Time Warner (AOL), eBay (EBAY), Corning (GLW), Brocade (BRCD), Microsoft (MSFT), Symantec (SYMC), Emulex (EMLX), Ciena (CIEN), Siebel Systems (SEBL) and Extreme Networks (EXTR).
For those of you that feel uncomfortable chasing rallies, try looking for stocks that are emerging from basing formations, crossing above 50-day moving averages and/or breaking through trendline resistance levels. Rotation out of some of the early winners and the ongoing hunt for bargains means that such stocks are prime candidates to lead the next leg of the rally. Some names that we find compelling include Globespan (GSPN), Intel (INTC), Juniper Networks (JNPR), i2 Tech (ITWO), Nortel Networks (NT), ONI Systems (ONIS), Lucent (LU), Advanced Fibre (AFCI), Purchase Pro (PPRO), Proxim (PROX), McData (MCDT), DoubleClick (DCLK), Inktomi (INKT), Handspring (HAND), Openwave Systems (OPWV), Interwoven (IWOV), Wireless Facilities (WFII) and Network Appliance (NTAP).
Finally, there's the bottom fishing approach. By that we mean picking up a handful of the stocks that continue to hover near their lows on the assumption that a rising tide eventually lifts all boats. Some intriguing targets within this category include Ask Jeeves (ASKJ), ADC Telecom (ADCT), Razorfish (RAZF), Tanning (TANN), H Power (HPOW), Infospace (INSP), C/Net (CNET), InterNap (INAP), Ericsson (ERICY), Motorola (MOT) and Palm (PALM). The fact that many of these stocks have been left behind during the sector's initial run suggests that they have some significant near-term problems. Consequently, the risks associated with these stocks can be relatively high.
There are plenty of good opportunities left in the tech sector. The key is to find the approach and the stocks that best fit your trading profile. Of course, you also have to pull the trigger on the buy order(s) and that can be hard when the market is running. But to paraphrase Teddy Roosevelt, 'the profits go to those that are actually in the arena.'
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