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


To: P.M.Freedman who wrote (1500)5/28/1998 9:07:00 PM
From: michael modeme  Read Replies (1) | Respond to of 2020
 
With SMOD I think you have to look at it from a large time-scale. In the past several years SMOD has consistently grown at something like 70+% per year (top-line growth). So, while their growth may be slowing, these levels are most certainly a buying opportunity if you're willing to hold for longer than a year. At least that's my reasoning, and the reason behind my purchase of even more shares today and some calls. I'd bet by Christmas we'll be seeing somewhere around $30. Cheers



To: P.M.Freedman who wrote (1500)5/29/1998 1:54:00 PM
From: BULL  Read Replies (1) | Respond to of 2020
 
P.M.

<< I am not a market timer but I think a 5% correction might happen soon. However, it is unlikely a possible 10% crash. SMOD was oversold. If SMOD will really drop additional 5 to 10% in a day, I believe that it will bounce back in the next day. You must have made $s today. Come back! You will be able to make more $$$s. >>

Sometimes my timing is not that good either!! With the nervousness about potential wars and other the world events (Russia, Pakistan, India, Far east..) we will not see a big rise in stocks till things settle down in the world. So for now I think it is best to wait and see, and I am partially in cash. As far as SMOD. It looks like good support just over $13. So as long as it holds in that range, I would not worry too much. I have a limit order to get back in at $13.25. I do not expect it to fill today... may be Monday.

Good Luck

BULL