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Technology Stocks : Smart Modular - diamond in the rough? -- Ignore unavailable to you. Want to Upgrade?


To: Andreas who wrote (1432)5/22/1998 8:04:00 PM
From: neverenough  Read Replies (3) | Respond to of 2020
 
I picked up SMOD today @ 13 3/4 on margin, and plan to sell it Tuesday at the open and catch a nice gap UP! My reasoning,

1) Today being the Friday before Memorial Weekend, most of the big players did what they had to in the AM and were gone by noon. Nobody left to buy.

2) Sell-off overdone for one day. We might trend lower but there will be nice pops along the way.

3) Over the weekend people will see SMOD can be had for $14.00, and will want to jump in Tuesday for a quick play to $18.00.

4) SMOD ANNOUNCES SHARE BUYBACK PLAN! Well just a thought, HaHa!

5) Tuesday after Memorial Weekend is usually an up day for the market.

I look for SMOD to open at around 15 on Tuesday.

$ChaChing$ Easy Money!

Nigel