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To: Steve Lokness who wrote (2008)10/26/2007 5:33:03 PM
From: Jibacoa  Respond to of 3722
 
SDIX new 52 week high. Must have some kind of technicals going for it?

Steve,

SDIX broke up from a cup & handle pattern on Sep 26 & has continued its near term UT since then & has appreciated 35.8% from the $4.60 L of that day to today's intraday H.<g>

bigcharts.marketwatch.com

It wasn't a 52 weeks H, it actually made a 4 Yrs. H since it is trading above its Dec 2003 H of $5.75 The next resistance is its March 2002 H of $6.36 before it can think of testing its Dec 2001 at $10 or its Sep 1999 at $10.19 <g>

bigcharts.marketwatch.com

SDIX has 3 Qs ot triple digit improvements on earnings (It has been on the black instead of previous losses.<g>) & revenues also have improved some. especially on the last Q which were up 19% The EE for 2007 are about 300% better than the earnings in 2006 ($0.09 vs. $0.03 <g>)& for 2008 a further improvement to around $0.20/shr is expected.

Insiders reportedly hold around 20% & have been doing some buying in Aug & Sep & institutions hold > 50% of the 16M float. SDIX has a small LTD.

However, in spite of the general market closing the week on better terms, it seems prudent to keep a protective SL on SDIX around $5.50 to $5.75 (They say it isn't good to let your recent profits melt, especially now a days that commissions are much less than a few Yrs back.<g>)

Bernard