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Technology Stocks : STARBASE (SBAS)- InfoWorld Hot Product Review -- Ignore unavailable to you. Want to Upgrade?


To: SIer formerly known as Joe B. who wrote (1136)2/28/2000 10:29:00 AM
From: ClearSky  Read Replies (1) | Respond to of 1502
 
Joe,

I have a hard time comparing SBAS this year with SBAS last year, simply because the company has matured considerably, is close to profitability, and has added exposure with Open Avenue and coverage by a few analysts. Overall its relative strength still looks good and it is continuing up a positive trend, pulling back only to support. As David noted, it has been setting higher lows. Still looks good to me.



To: SIer formerly known as Joe B. who wrote (1136)2/28/2000 3:22:00 PM
From: David in Ontario  Respond to of 1502
 
SBAS was a different animal back then - I was watching it - but it wasn't strong enough for me. A comparison to last summer isn't really applicable as the fundamentals have moved on since then. What SBAS is displaying is what Gary Smith of TSC calls a "dumper":

thestreet.com

In part what he says is (minus the chart) (Feb 21):

"Dumpers are stocks that dump 20% or more on mediocre bad news, such as missing earnings by 1 cent. The market always overreacts to bad news, and I play the bounce or corrections at the bottom. I play only mediocre bad news and not extremely bad news dumpers, such as Securities and Exchange Commission investigations or bankruptcies, which could cause a stock to de-list.

An example of a dumper is Starbase (SBAS:Nasdaq - news - boards), a leading provider of e-business digital asset management solutions. It announced earnings on Feb. 10 and although revenues were up, the street apparently was not satisfied. The stock gapped down the next day, creating an excellent opportunity to play the first bounce
...
Now, I'm no stock market wizard, but I've been over and under the rainbow enough times to share how I finally found my yellow brick road. Next week, I'll start taking you down it. I'll start with dumpers. I'll discuss how I identify and play them, as well as how I identify intraday bottoms and tops. "


David.