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Non-Tech : Simula (SMU)
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To: Richard Silvers who wrote (1266)8/6/1998 10:03:00 PM
From: bigg e  Read Replies (1) of 1671
 
RS...Did you tune in to the conference? By the sounds of that one analyst (I did not catch which firm) he was fed up. Absolutely sounded like he had n intention of playing the waiting game any longer. So, I wouldn't be surprised if the initial downtrend was precipitated by this analyst liquidating some/all of his position. This stock, on the intraday traded at a 52wk low yet bounced back resoundingly with some heavy volume in the last 30mins. Trading near one times sales and with recent comments on the ITS, this company is bound to draw some attention. Airlines are booming and new aircraft orders will follow. Combine this with the potential in the Automotive division and the stock looks pretty attractive. Let's hope the era of growing pains is drawing to a close and the company can now focus on growing profits.

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