Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (12454)	3/14/2000 11:36:00 AM
From: The Ox	Respond to of 14427

Yes, I am in SMTC, last purchased price of 62.25 I see a lot of support in the 55-57 range, so that is my downside tolerance level. A break below 55 would be of great concern but with a 10% downside, IMO, and a 25-30% upside short term target, I think it's attractive. I see the recent weakness as market related and not company specific. The stock has a habit of moving quickly, in either direction, on relatively light volume, especially late in the day. I would only use HIGH RISK dollars for this one right now. The chart is still in the short term downdraft mode so it may not be a play for everyone. I strongly suggest that a review of the latest earnings release, as well as the latest press releases if you don't follow the company. I believe current estimates for future EPS are at least 20% lower then they should be. This is one reason why I think the stock should be trading in the 70s. Just my quick thoughts on SMTC.