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Non-Tech : Simula (SMU)

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To: Jaime H. Ayalde who wrote (1612)	5/16/1999 2:35:00 AM
From: bigg e	Read Replies (1) of 1671

JA...some "chatter". Looks like SMU is resting it laurels again with decreasing volume and price. Still looking for a firmer base and hopefully a leg up after that if they can come to terms for MT/Rail which don't reflect too badly on the balance sheet. Would think the terms will be rather benign and hopefully viewed positively as they rid themselves of some "dead wood". As for ITS and SAN, looks like the street still isn't buying the flurry of more positive news and outlooks yet. This one had some severe technical damage done and, my guess, will take a while to attract the institutional types that will add some forward momentum as well as stability. Now the hurdle facing everyone is the market in general. Been scanning a few reports this weekend and lots of bearish comments coming on the heels of the inflationary CPI report. I believe the FOMC meets Tuesday and all ears will be tuned in. On the other hand, SMU has been been behind the woodshed now for a while and I wouldn't expect too much more downside pressure regardless of the market's potential gyrations. Either way, Monday will be an interesting day and if the Fed hints at an increasing bias, look out below. Any thoughts???

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