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Technology Stocks : SBS Technologies (SBSE) - Undiscovered gem

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To: robert b furman who wrote (1202)4/15/2004 4:16:27 PM
From: Christopher Brainard  Read Replies (1) of 1540
 
Hey Bob,

Looks like another one is about to bite the dust tomorrow.

WEAK book to bill and flat forward looking revenue guidance. I bet we gap down $2 tomorrow morning.

In my opinion only a blind optimist can be looking at what is happening in tech land and not see the writing on the wall. Stocks like COHU have broken down badly below their 200 DMA, have seen their 50 day and 100 day moving averages roll over and now have failed to break above the 50 DMA. We might get one more rally from here, but that would be a wonderful gift and thus not likely to happen.

I expected the current round of earnings reports to act as support to stock prices. Boy was that thought fall off the mark. We are so done, the only question is when will each individual player admit to this fact and build cash reserves for future battles.

Good luck my friend, we are all going to need it!

Chris
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