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Technology Stocks : SBS Technologies (SBSE) - Undiscovered gem -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (1248)6/18/2004 1:09:44 PM
From: Christopher Brainard  Respond to of 1540
 
Hey Bob,

Your are a braver man than I (most likely smarter too)! When a stock goes down on good fundamental news it's time to get out of Dodge! RSYS is breaking down to nine month lows, PTIX has been cut in half and shows no signs of REAL support and SBSE drops like a rock on good news.

The feeling that I no longer understand what makes this market move is sweeping over me like a title wave. Maybe I was just very luck to get where I am today. The more positions I add to results in throwing good money after bad.

I will not sell into this meltdown (although I probably should) but on the next rally I going to get out and wait for a more normal market to return. I do not know when "a normal market" will return but this funky market is not an environment for investors!

Chris



To: robert b furman who wrote (1248)6/18/2004 4:21:54 PM
From: Christopher Brainard  Read Replies (1) | Respond to of 1540
 
Well Bob, it looks like our now dead run up was nothing more than a takeover speculation rally. The rumor must have been running through the industry that MOT was going to do a takeover. Speculation that SBSE was going to be the target could have caused our rally to $18. When it was announced a few days ago that it was Force Computers and not SBSE that MOT was going to buy, the bloom was off the rose and now all these idiots are going to have to sell their speculation SBSE shares and unfortunately this is going to crush this stock. Today was only the beginning of the real selling.

Looks like we should have listen to the old Brain when he was talking about selling the $18 rally. In this market no rally is going to last very long. We both should have seen that!!!

Chris