Adam & rest of Thread,
I haven't posted on this thread, but visit it regularly as I own a few hundred shares of SMOD averaged at about $27. There's no doubt there's something driving this puppy down, but in looking at Quote.com it doesn't appear like the big boys are unloading tons of shares because the volumes on the trades are quite low all told. I saw one 15K trade pass in the last hour, but other than that it appears as if it's small lots of shares that are moving. The overall volume for the day is also not very high. I'm not sure what all of that means, but I did want to share the information.
As for SMOD making their .31 number, it was just a few weeks ago on this thread that someone reported talking to Becky in SMOD's IR department, and was told that they were "very" comfortable with the revised estimate. It sounded as if they were actually going to exceed it. Now, some broker says SMOD is being unresponsive to IR calls and people start to panic a bit. IMHO, since we haven't heard a formal warning from SMOD and earnings are just a week away, I personally don't believe that they won't make their numbers.
On the contrary, if one considers that: 1. Compaq is SMOD's largest customer, 2. Compaq sold a ton of computers during this past quarter blowing out inventories, and 3. SMOD does aftermarket fulfillment of RAM modules for Compaq, doesn't it make sense that SMOD might benefit from Compaq's high unit sales volume? Just food for thought.......
Like the rest of you, I wait for May 21st and hope for the best. Best of luck to all with their investments in SMOD.
JMaz |
