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Technology Stocks : SBS Technologies (SBSE) - Undiscovered gem -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (765)12/16/1999 5:35:00 PM
From: Christopher Brainard  Respond to of 1540
 
Hey Bob,

Fine time to start watching this one. I have been on board all through the roller coaster ride since 1995. Less than $10 to $39.75 then back to $10, backup to the low $30s, free fall to less than $10 and now all the way back to $40.

Great company, good management, crappy shareholders.

The only people in the stock now are momo guys. Unlike COHU, the institutional holders do not seem to be very strong. If they were, they would own the entire float by now. They are the first to jump ship at the slightest sign of just about anything.

But there seems to be some manipulation in the market place recently. SBSE's big brother RSYS dumped $6 yesterday (just like SBSE ... little volume in about 30 minutes). Today the stock was up $7 last I looked.

Wouldn't surprise me that someone was shaking the tree to see if they could free up some weak momo shares. The buying interest must very VERY weak to allow this to happen. I would love to be able to close my eyes (like Clay is doing), but I have too much bet on this one to do that. The last time I trusted the fundamentals, I watched a four bagger turn into a zero bagger. Boy was that fun. Do not think I am going to do that again.

Regarding your requested email, I am heading out of town soon and will not have time to send you any information. Will try to do so when I return. In the mean time, check out InTest Corporation (INTT). That was the stock I though you might really like. So far I am the only one on the SI InTest thread. The company is headquartered in the town just next to me. Have visited with the CFO and these guys are running full out. The stock is acting like there is some major accumulation going on. Estimates for 2000 are around $1.20 and the stock is at $15. My guess is that they beat the heck out of that estimate.

Anyway, nice to have you on our SBSE thread. Love to read your post on the COHU thread. Still remember all the truck backing up posts you made! Now you can begin the running to the bank posts. Congratulations!

In many ways SBSE and COHU are very similar. COHU is in a very cyclical business. SBSE has very cyclical shareholders. With both you can make a lot of money if you play it correctly. When the market is betting that the companies are going out of business .... you back up your truck!!!

Take care.

Chris ....



To: robert b furman who wrote (765)12/16/1999 6:24:00 PM
From: Fred Fahmy  Read Replies (1) | Respond to of 1540
 
<Vicious shake to 31 3/16 on volume of around 40-50 in a 30 minute time frame.>

I was watching it live....and it was more like 5-10 minutes and much less than 40-50k on the downside. Most of the volume came on the rebound. When I saw it dropping sharply I tried to get more. I started to log on to my broker when it was 31 and change. By the time I got on it was already back up to almost 34. The time between 31+ and 33+ was only a couple minutes both ways. On the down side, most of the trades were tiny.

Such is life with thinly traded stocks. Clearly (by the very low volume that triggered the sell-off), the sell-off was NOT news driven but panic driven by a few small timers.

And now for some new news:

biz.yahoo.com

Good luck to all,

FF