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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Bocor who wrote (6070)	10/10/2000 7:39:16 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Well, there are some rumors that pricing power is returning to the sector due to shortages, if that is the case, maybe our KMAG position will be profitable. Zeev

To: Bocor who wrote (6070)	10/10/2000 7:47:02 PM
From: Steve Lee	Read Replies (1) \| Respond to of 30051

I'm slowly but surely sucking up SSTI shares in this decline. Using money I don't need with no margin. I think there is a risk of further downside but also we are at support here. Will not sell if support is breached, only on change in outlook (currently great growth for next couple of years). If support is breached, I will look for the next support and buy more - so long as fundamentals don't change. Hopefully gonna make some nice profits on this one. Haven't felt so confident of getting a bargain since buying Intel during their good times some years back. I'm looking for SSTI to report earnings above $0.40 this week, giving a total for the last 4 Q's of $0.84. A trailing PE of about 25 on a 100% annual grower. I accept the risk of a v. bad market and oversupply in the commodity flash market (which SSTI is not), but for SSTI not to gain in the next 12 months would most likely leave it with a forward PE of less than 7 or 8, with future annual growth rates still approaching 100%. Even in a bad bear, this seems unlikely to me. In summary, I am happy with a large holding in a stock I do not expect to go down in a bad bear.