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Strategies & Market Trends : Steve's Channelling Thread

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To: Logain Ablar who wrote (10878)	2/7/2001 8:07:35 AM
From: orkrious	Read Replies (1) of 30051

But who really knows @ this point That really is the question and is why the stock is selling at a PE of 12 on a rolling basis (I believe next Q's guidance was $.25). Guidance was for 50-60% growth this year, with the real growth coming in the second half. This is the same lousy guidance every other tech company is giving. Personally, I don't have a lot of confidence that we will have a pickup until at least late the 2H, but who really knows. As a day trader, I wouldn't own anything overnight regardless of the fundamentals. As an investor, SSTI is worth five-ten percent of your portfolio at these prices. If they meet their growth targets and resume their 100% growth projections, this is a five bagger in a year. If it doesn't become clear that business won't pick up until late in the year or 2001 it still is probably a three bagger in nine months. The downside may be 30-40% in the case of a bad recession, so you buy more then. For those that want to figure that they can't catch the absolute bottom and want to keep some of their assets invested, SSTI's risk reward is as good if not better than anything else out there. All IMHO Jay

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