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


To: Christopher Brainard who wrote (768)12/16/1999 9:30:00 PM
From: Fred Fahmy  Read Replies (1) | Respond to of 1540
 
Brainard,

<How could this be a good sign for the stock?>

I don't think it's a "good sign". As you know, since you've been in this stock a lot lot longer than me (I bought relatively recently when it dipped to 22 1/4 in Sept), it is very thinly traded and as you noted when no buyers are waiting in the wings it can drop suddenly and sharply on very very very little volume. The good news is that decent volume did come in relatively quickly after the drop...in fact, it came in before I had a chance to place an order <gg>.

I have also seen the opposite affect on days when there were no sellers waiting in the wings and people wanted in (i.e. it can go up on very little volume).

To be sure, the thin volume makes for a very volatile stock. I have not had to endure the big swings and frustration over the last several years so I may be kidding myself....but I believe that the market may finally be starting to take notice of the fundamentals. I hope 35 offers support since it took a few weeks to finally break 35 on the upside.

Good luck and let's hope for a reversal tomorrow,

FF