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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 (1505)5/29/1998 6:13:00 PM
From: Jeff Jordan  Read Replies (1) | Respond to of 2020
 
Its your time to jump in right now. $13.25 sounds impossible to me.

I still have an order in @ 12 3/4, I haven't changed it since last Friday and I expect it to be filled.

Jeff



To: P.M.Freedman who wrote (1505)6/1/1998 7:52:00 PM
From: BULL  Read Replies (2) | Respond to of 2020
 
P.M.

<<Bull--Its your time to jump in right now. $13.25 sounds impossible to me. Any price below $14 should be trading buy. This is the last day for MMs to squeeze the shares by margin calls. >>

I pulled out my buy order at 13.25, but I don't think it would have filled today. SMOD held up pretty well considering the damage other stocks have taken today and Friday.

Nothing is impossible, the markets typically overcompensate on the upside and on the downside, call it greed and fear... Right now the psychology has really turned negative regarding NAZ stocks. There is no leadership: INTC, MSFT, AMAT all down. So we need a catalyst to start a turnaround. I am still holding on too some Naz stocks, but not as much as I was about a month ago.

No need to hurry and buy right now. Look for a blowoff (irrational drops on high volume) and a intra-day reversal. It would seem we should be close to that. I have not looked at the NAZ chart after the close today... we must be quite oversold by now. May be we will get that reversal tomorrow.

BULL