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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (541)2/7/2003 4:09:30 PM
From: Jibacoa  Read Replies (1) of 1404
 
ISSI Is up 20% and volume above 300K (about 1.5x its daily average.)

The stock has been selling around 0.5 of book and 0.9 of sales and below its cash/share (reportedly it has about $2.70 cash/share.)

The insiders hold more than 20% and institutions that hold more than 100% of the float reportedly have done some buying lately.<g>

ISSI designs, develops and markets high-performance memory devices.

It closed near the H for the day.It seems to have good support at the 2.45 level. The L yesterday was above its October Ls from which it had more than a 100% run to its December 2 H at 6.10 (I will be satisfied with it retesting the 5 level.<g>)

Of course it may need some extra base formation around the 3 level, but it seems worth to place it on a watching list.<g>

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Bernard
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