To: GM who wrote (1466 ) 6/8/1999 5:37:00 PM From: Jeff Bond Read Replies (3) | Respond to of 1614
>>What do you think SDTI is worth? << Jeez, I'm wondering if this is a trick question. Based on current data, I'd say SDTI is worth about $17, wouldn't you? This drop was destined to happen, and aside from wishful exuberence, I knew we were headed for $16 over a month ago.Message 9334415 Message 9494108 There was capitulation today, as volume drained to a trickle right before the price fell over the edge. As the price reached the 200 day moving average at $16.50, the volume picked up substantially and continued throughout the day. To clarify, today was defined by BUYING not selling, as evidenced by the volume.finance.yahoo.com Where do we go from here? Probably not very far, since general market conditions are not working to our advantage. Even the luckiest gambler at the craps table on the Titanic the night it sank was having a pretty shitty day overall. We can't go too far without the support of the general market, regardless of the performance of the company. Whether you are a short-term trader or a long-term investor, this is a good time to get into SDTI. I'd still like some help in understanding their new technology, any input would be greatly appreciated. SDTI's new products are going to SHAPE the future for this company, understanding the actual benefits and position of these products will help guage their chances for success. There is NOTHING (barring extraordinary circumstances) that will drive the price down any further and hold it down. If some weaklings look at the chart tonight and panic, we could get a little more selloff, but the floor has been reached for the time being. I'd like to see some earnings based on product sales vs. the sale of stock, this is not the way successful companies usually grow over time. Until then, if you still remain confident in the company, there really is no reason to sell at this point in time. Check Stochastics and MACD using intra-day charts, and you'll see why I say this. I don't have a link for TA analysis on an intra-day basis, but if you have the tools you can see what effect reaching the 200 day moving average had on moving the price back up on heavy volume. Long on SDTI, I added today. Regards, JB