SBS Technologies (SBSE) - Undiscovered gem Message Board

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Technology Stocks : SBS Technologies (SBSE) - Undiscovered gem

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To: robert b furman who wrote (1261)	6/21/2004 7:00:07 PM
From: Christopher Brainard	Read Replies (1) of 1540

Hi Bob, Tomorrow is another day and who knows maybe the stock will rally. The one thing your charts don't factor in to the equation is when confidence is removed from a stock. When PTIX announced that promised business would shift from the first half of 2004 into the second half of the year, much of the confendence in the company was lost and the stock has been in free fall since. I think the track record of Chris Amenson's selling is a direct blow to confidence that business two-three quarters from now will be good. I do believe that TA can be a valuable tools in helping investor time their purchases and sales. I also believe that emotion is a chart trumper to TA and will rule the game when it is running strong. The overall market is moving sideways fast and technology stocks are hitting air pockets one by one. SBSE was set up for a fall (no real current earnings to support the stock price) and when Amenson gave the stock punch to the body, the old body just colapsed. See ya at $10 my friend or give give your bud CA a call and ask him to start buying again. Something tells me he will be a buyer again, but nothing close to todays stock price. Chris

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