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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?

To: stockroach who wrote (11845)	8/27/1998 12:35:00 PM
From: Michael	Read Replies (1) \| Respond to of 14577

With a quadrapule bottom it's obvious what has to happen: the company will go bankrupt. All kidding aside, WHERE ARE THESE OEM DESIGN WINS that were promised over a month ago? This stock made a nice comeback and has just drifted right back down over the last week. I am getting concerned that no officers in the company are buying at these levels. If they think 3 1/2 bucks a share is too much for their company, there is a problem. Besides, they all have lots of cash from when they sold their shares at 17. They can now buy 5 times as much stock as they had.

To: stockroach who wrote (11845)	8/27/1998 1:51:00 PM
From: Don Earl	Read Replies (2) \| Respond to of 14577

Hi Stockroach, The double bottom I've been looking at is in the 100 month chart, the daily movements over the last few weeks would be absorbed in the bigger pattern. Generally, triple and quadruple bottoms are considered weaker patterns. The volume is the more important part of the charts right now. Very light volume is a key characteristic of bottoming patterns. Todays move filled the gap left a few weeks ago so at least we have a clean chart to work with and the pull back from 4 3/4 has been on increasingly light volume. Looking at the big pattern, my guess would be a break out with the next earnings report. It's been my belief all along that Q3 will be profitable, with a back up plan that even if it isn't, S3 doing well in Q4 is a near certainty. I'm a little annoyed with myself for getting impulsive and buying yesterday before the gap filled. Nothing bugs me more than calling it right and playing it wrong. Could have saved myself about $500 by being patient. Oh well. I was able to increase my cash position with the trades, so I suppose I don't have anything to whine about. As bearish as the market has been over the last few weeks, I don't think SIII has done all that bad. The hard part is trying to figure out if this is the beginning of a long down trend or just another chance for the big money to shake loose some cheep stock. I guess that's why I tend to prefer value plays. When the momentum plays run out of legs, the bottom can be a long way down. If anyone is interested, this is a decent site for explaining the basics of reading bar charts: chartpatterns.com Regards, Don PS: As usual, my comments are opinion only and not intended to be investment advise.