SILICON STORAGE SSTI Flash Mem Message Board

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Technology Stocks : SILICON STORAGE SSTI Flash Mem

SSTI 6.970

-3.3%

3:59 PM EST

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To: Richard Wang who wrote (135)	1/20/1998 11:32:00 AM
From: Smilodon	Read Replies (1) of 1881

It is building a bottom, and for the same reason. The company is buying back its own shares. I talked to the company, and they can buy back a limited volume (I think 25,000) per day and have a price target (I think $4). They can't do this in the quiet period before announcement of quarterly results. Look at the chart for the past month versus previous two months. Support appeared at just below four (company buying) and then evaporated for a month (quiet period). Now buying has resumed. I think SSTI easily gets to just below $4 in the next two months. Especially given the low volume the stock is tading now, and the very limited institutional ownership. Beware, Q1 is their seasonally slow month. There could be another buying opportunity near their Q1 announcement. 2H 98 could be very good, with a lot of new products, reduced cost structure (Asia fabs) and the upswing of the industry cycle. My favorite long term stock. If things go well, you might make 10x your money over the next few years. If things go badly, downside is helped by approximately $2 per share in cash.

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