Storage Dimensions - STDM Message Board

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Technology Stocks : Storage Dimensions - STDM

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To: kvogel who wrote (222)	9/23/1997 8:34:00 PM
From: nick cash	of 311

i am also surprised in the action in the stock. prior to this week the stock had strong support @ 7-everytime it got close to 7 buyers came in like clockwork. there has definately been a change in sentiment as this time nobody came in to support it. like you said, the selling has been on lower than avg volume-just no buyers. nonetheless, the technical picture looks like we could see 6 again unless some buying appears tomorrow. strange too as the stock really looked like it could break to new recovery highs at any moment the past couple of weeks. hopefully there is no fundamental reason it is drifting lower, guess it's time to give the co a quick call to reduce the risk of being blindsided-though i view that as unlikely. i only took a small 3% of assets position in my fund in stdm and have been kicking myself for not making it larger. if the story hasn't changed and we see the low 6's again i'll be buying more. i can't say this very often as i don't manage a great deal of $ but when i bought before i actually moved the stock!! i thought it was hysterical until the ask kept rising everytime i put in a limit order. given the low mkt cap, the unconscionable spread and how thinly traded it is; i had to buy a few thousand shares at a time and spread my buying out over a few days. i digress.....anyway, i disagree that the stock is oversold at this point. at 6 on a pickup of volume it would be oversold-not here. right now it's a tough call as i believe the current price represents a vry compelling value yet i hate to buy right after a stock has broken support (a technical no-no), preferring to wait for it to find and hold the next support level first. as a result i am wringing my hands quite a bit on this one right now. personally i wish it would fall to 6 tomorrow so i could make the decision and move on. all imo only....nick

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