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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (39638)	5/31/2003 11:48:27 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69989

There may be some life in SSTI yet. It is showing up in discussions on other threads. It need to break the resistance level around 5 to complete the break out though. Looking for a pullback to day trade. Still no position trades.T2113 is just too low. It is now 5.16. It hit close to 1 before the crash in 1987, but the economic backdrop is not they same. I don't see a crash, but the market sure needs to let out some stream.

To: Johnny Canuck who wrote (39638)	6/1/2003 8:25:05 AM
From: Logain Ablar	Respond to of 69989

Harry: I don't trust ssti managment as I don't trust any co's management in providing guidance to #'s. I remember around 2 yrs ago when mgmt gave guidance, then 2 months later postphoned the earnings release by a week or so and missed badly. The miss was mainly "due to returns from customers" if I remember right. This was in a period when the company had consistently preannounced when they were exceeding #s but then didn't preannounce when they missed. Now if I rmember right they also lost a patent suit to atml? Anyway they have been increasing until sales but prices have been dropping faster. Note though dso's and inventory decreased last qtr (normally a good sign) and company gave guidance for increased unit sales (not gross revenues) so it all depends on if they can drop costs faster than the drop in price per unit. SSTI is the low end versus intc and amd while sndk and lexr(??) are more the flash cards for media versus chips. Also sndk has the licensing revenue. Harry I'm going to shy away from the chips if this is the up cycle (except maybe brcm). If we are truly starting the up cycle then software, storage should offer good risk reward. Biotech has been on fire so I'm surprised we don't have a decent pull back here.