I just want to be teenager again.heh
Me thinks its just around the corner.
Any body want to buy this stock ? - call brainard and steal it from him in the 10's(I just know this is gonna start some throwdown response about my dreamin eternal optimism).
But before the critique comes - just take a look at the lovely DMI crossover that this downtrooden dog accomplished as the company prewarned its missing the quarter:
stockcharts.com[w,a]wacayyay[df][pb33!b50!f][vc60][iLh14,3!Ll14]&pref=G
Sometimes news events are performed for a contrary reason. A stock missing its numbers,generates a "This company is just never going to do anything".
The expected response is to shake out the weak holders.
On 09/27 the company prewarned that past guidance of 35-37 million wouldn't be accomplished."Updated numbers were 32-33 million.
Note that on that week, volume was right at its 60 ema.Mostly selling I suspect.
What's really a blow your mind observation, is that after that "bad news",volume picked up for the next 3 weeks!
Then on October 18th, low and behold management coughs up a strong last month,almost getting the original low end of their initial guidance (34.4 million - just 600,000 short of that original 35-37 million guidance.
Not bad,but my bet is a lot of folks lost their position.My next bet is, there won't be another opportunity to get back in at that low price again.
This stock is so owned by mutual funds,that these kind of games are "scheduled" in an effort to get some of that last float out there.
For the last three years Ericsson - the Swedish telecom has been Sbse's largest customer.Ericsson's just completed Q3 was up 22% from last years Quarter and up 14% from the last quarter (4.59 billion).Best of all,Ericsson's North American business jumped 45%,helped by a recent contract to upgrade Cingular wireless'network.Cingular you remember them,the little company that bought ATT wireless.
I suspect that, that upgrade will take several quarters.
I think this company is right on the edge of much strong revenue performance.
The final shakeout and positive volume that is impacting the price of SBSE is worthy of patience.
One more quarter and the next 2 quarters MUST ROCK or the annual guidance that is being held to,by management, will not evolve.
Bob |
