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Technology Stocks : SI Diamond Technology (SIDT)

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To: paul goldstein who wrote (60)8/14/1997 8:44:00 PM
From: Stephen D. French   of 623
 
Paul - most investors sell a disapointing company about the same time and usually in a panic sitution. When this occurrs, the stock is usually undervalued and will go up again. Therefore we should not sell when everybody else sells and at the same time we should not try to time the peak of an advance so we should try to get out just before you think the peak will be. The people that control the market know how the majority of stockholders think. The best time to buy a stock is when its market is quiet or stable on lower volume.

SIDT is in the earlyer stages of a new technology. Patience is key and the base of the support should be respected.

The recent advances are nothing more than some upticks to attract some momentum players. With a spread like the stock often has, moves to 1.5 can gain a few dollars. As time goes by, more exposure to the flat panel display industry may propel this stock up to a new support level. Perhaps 1.5 will be next.

good luck

stephen
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