I was wondering the same thing. What statistics does one use to determine the bottom, which last Spring seemed to be just under $4.00.
I have read this thread from 3/97 thru present. The Responders of this thread helped me to under stand how to (somewhat) read the Q & A reports, learned to find SEC filings, news, interday 20 min. delayed chart, 20 minute delayed CBOE quotes. Mind you, I am a beginner, and I feel, just a feeling, the bottom maybe $7.00 or under short term. I feel, long term, this is a powerful company, with powerful SOLUTION products. It seems that The Big Global Businesses, are finding that they can comptete better by Integrating all world wide office computers, plus all divisions, as well as customers and suppliers and of course Y2K. It appears as though SSA is very successful here. 4Q report said they gained 250 customers this year. They had some rumble after the 4th Q report. I do not know exactly why. In the report, it looked like they borrowed some earnings from the 4th Q report for the 3rd Q report (possibly because they were going through financing hoops before/during or after 3rd Q report) and 4th Q had high percentage one time charges, which made their EPS from two digits to around .01
Their products are destined to be in one of the fastest growing segments of the software industry, with Asia NOT needed to be a big part of New Business. To many Corporations in all parts of World must compete by making their computers systems more efficient and universal, while at the same time Y2K (4digit) there programing. I read an article the other day.... Corps in Ireland are time challenged regarding Y2K. I Emailed the headline link to SSA from their WEB Site. Which I think is a well designed Site.
The above are only my feelings. I would appreciate any other opinions on bottom of this stock.
Sharla |
