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Strategies & Market Trends : Position Trading Forum

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To: Tim Luke who wrote (110)	8/10/1998 5:31:00 PM
From: Wowzer	Read Replies (1) of 7247

Tim great idea for a thread! Here is my pick...SSPE @ $16 13/16 should make a good position trade of 3 to 4 points by the time 1st qtr numbers are released around 9/15. Stock is currently trading at its low end of its trading range and usually pops up to $20 to $24 each time good news is announced on high volume which they have consistently done over the last 8 to 9 months. After the good news wears off it just starts to drift lower on very low volume. Low float of 2.4 million shares and for some a reason a high short interest of 800K can make this stock quite volatile and the spread can be excessive at times. I highly recommend using limit orders on this one. SSPE is a supplier of microcomputer software and services. Book value is $17.50. Sales have been increasing by approx. 15% with a big turn around in earnings, trailing pe is approx. 16. I have traded this stock very successfully three time now and bought in today at 16 15/16. Historical price action on SSPE: tradepbs.com Good Luck, Rory

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