SIRN - Sirena Apparel Group: Undervalued But Moving Up Message Board

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Non-Tech : SIRN - Sirena Apparel Group: Undervalued But Moving Up

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To: Dave Hanson who wrote (118)	3/4/1999 8:33:00 PM
From: James Wright	Read Replies (2) of 161

"I was a little surprised you were jumping further in at this juncture, given your irritation over holding through its unwarranted plunge last fall." I'm trying to buy SIRN at the lower end of its trading range. Previously, I waited until SIRN looked like it was breaking out on high volume (generally around 7), only to be disappointed when it failed to carry through. I still believe that SIRN is a great stock, based on its fundamentals (low PE) and growth potential (nearly 100% projected earnings growth rate). I also like management, notwithstanding the recent confusing press releases. I generally like to buy stocks that are making new highs, but SIRN does not fit the general pattern. Thus, I figure its time to adopt to reality with SIRN. Being slow, it took me awhile to figure that if I buy on the lows (near 5), I have a good chance to hit 7, rather than the other way around! -- Jim

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