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Technology Stocks : SBS Technologies (SBSE) - Undiscovered gem -- Ignore unavailable to you. Want to Upgrade?


To: Christopher Brainard who wrote (644)8/5/1998 10:22:00 AM
From: Clay Takaya  Read Replies (1) | Respond to of 1540
 
Could be. I can only think of 2 reasons to announce early.

1. Earnings are going to be good and the company wants to bolster the stock price.

2. Bad news was leaked so the company wants to get the news out quickly to put everyone on a level playing field.

I think the previous quarter is in the bag, but things could be shaky going out. If SBSE warns that business is slowing, this could be a "tell" that its customers (many of who are biggies) are in trouble and that the economy is faltering (possibly due to Asia).

I've been able to profit on unwarranted price drops so many times in this stock that I've disciplined myself against panic and try to buy whenever I think there's no reason for the drop. I can't say, however, that I am unworried although I did sleep well last night. In this case I am hoping it is the market that is pulling down the price.

LOL,

Clay