Storage Dimensions - STDM Message Board

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Technology Stocks : Storage Dimensions - STDM

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To: RoadWarrior who wrote (94)	6/18/1997 8:55:00 AM
From: John Goodman	of 311

RoadWarrior: I bought in just after the recent gap down. I figured the panic selloff was an over reaction and maybe went a little to far. As it turnes out, the typical bounce didn't occur. The sideways channel we see forming is neutral as an indicator. If you wish to short term trade this stock you could set up a regression channle and buy and sell within the confines of that channel. Watch for a breakout in either direction and go with it. Since I purchased STDM on technicals alone, I have yet to see if current share price represents full value. As a sector, companies in the storage business are hard against the wall (see what happened to STLC yesterday). In time and with careful management, this sector will rise from the ashes. This technology is just too important for the future. So, if you own shares, consider holding them unless you need the bucks for something else. STDM with the entire sector is, in my opinion, a long termer. John

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