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Strategies & Market Trends : Charts for Quick CASH $$$ -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (5046)	11/13/1997 6:17:00 AM
From: Dave Shares	Respond to of 9262

(SRMI) Hi Ray, I held this one for a few months, having bought at 1 9/16. There was a lawsuit brought involving recruitment of competitor employees that really tanked the stock. The injunction was lifted on Tues. Market took about an hour on Wednesday to react, then POW! I decided to put a limit at 2 3/16, because I'm nervous about what happens next. The trade executed, so now that I am out, it is probably ready to go to 4. I play the BBs, so I'm a bit cynical, but I worry about a stock like this getting shorted when it rockets on news which is good but not news which improves the fundamentals. Anyway, the daytraders had it great with this one, and I get to pocket a 40% gain and move on to the next one. By the way, if AUTO makes your list in the next day or two (it was up yesterday), watch it. Waiting on earnings. Again, I'm cynical and think that the price has been held down to get shares to be sold. Analyst expects .03 earnings, last quarter was .19, I don't see why the earnings would be as low as expected in sub prime auto loan market in a good economy. Keep those hammers flying, but watch out for the windows. May peace be with you, David