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Technology Stocks : Smart Modular - diamond in the rough?

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To: Dr. Id who wrote (1810)11/13/1998 12:25:00 PM
From: Paul Viapiano  Read Replies (1) of 2020
 
What I meant about the low volume was at one particular "snapshot" from this a.m. SMOD was down over 2 points on 143K shares. That is low.

However, SMOD is now down 1 9/16 on 873K shares. My point was that earlier it seemed to be pushed down on light volume, and that seems negated right now. However, the stock has been sitting at 20 for quite a while suggesting some churning.

What a wild ride this has been and it's too hard to tell what will happen. If this has been brought upon by shorts and rumors, then it's very possible that SMOD will rebound nicely after earnings or when these rumors are dispelled. The shorts have already made a bundle and will have to cover sometime.

But at this point the short term action is a toss up...

Good luck,

Paul
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