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

To: vampire who wrote (10911)	2/8/2001 8:29:27 AM
From: mishedlo	Read Replies (2) \| Respond to of 30051

That basis was on PE and earnings. They were supposed to make $2.90 a share with growth of 100%. That would have put their forward PE at about 10 or so (from when they were near 20) I believe. On this basis alone, if one believed the numbers, it was a good buy IMHO. Flash is a needed commodity. I knew what SNDK did as I said. I did not think SSTI competed with INTC and was looking for confirmation. I was simply looking for reasons that I might have overlooked to cause their stock to be dropping like a rock. So yes, I am quite consfused right now. It still seems like a value to me, even at the down revisions in EPS, but in this bear market I have no long positions right now. Before I buy back in to SSTI I want to make damn sure I have the story straight. I had no reason to doubt the numbers. Now, however, I am doubting every number. It appears to me that many companies have been lying through their teeth. I can not believe that all these "inventory" problems all happened overnight. Hopefully this is a reasonable enough explanation. M