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Technology Stocks : Spectrum Signal Processing (SSPI) -- Ignore unavailable to you. Want to Upgrade?


To: lazar921 who wrote (392)12/17/1997 1:28:00 AM
From: N/E PATSFAN  Respond to of 4400
 
[ Stock Movement ]

I'm new to this stock but I agree that after the recent move from 5 to 7 it is common to have a 50% retrenchment which I set as an entry point. This stock has a gap to fill between 5 5/8 and 5 3/4 and nearly filled it today with a low of 5 7/8. This could be filled rather quickly and turn on a dime. I started buying at 6 as it looked like selling was drying up at that level and I was afraid that I may miss a quick turn around. I'd place a "stop-buy" at 5 5/8 and pray that it is filled if you feel lucky. Just my opinion....I could be wrong.

Happy Bids, NEPF



To: lazar921 who wrote (392)12/17/1997 1:49:00 AM
From: pat mudge  Respond to of 4400
 
Lazar ---

I've not been in the stock long enough to know which drop you're referring to, but I do know Q2 had good earnings and Q3 was expected to and didn't (one order cancelled, two pushed back), so there was a lot of disappointment. I think we're in Q4 now (estimated to be flat), and Q1 '98 is the one most say will be strong.

Some one correct me if I'm wrong.

I'm with those who say this company is positioning itself for the future and if you believe in their products and management, then it's a good buying opportunity. I'll try again tomorrow.

Pat