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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Electric who wrote (17441)11/5/1998 8:57:00 PM
From: Lee Lichterman III  Read Replies (2) | Respond to of 42787
 
Electric, Dennis and Chris

If you went to the site before 8:00 Eastern time, that was yesterday's data. I had updated them at 6 this morning and forgot to change the PM to AM. The todays charts were put in at 8 EST tonight.

Anyone have a clue as to what is going on? For a 136 point up day, I didn't see much that was up other than a few financials. Advance Decline was about even and volume was down on all the major ones I watch. DELL was trading at about half normal volume etc. Either major indecision or else we are resting for the next upsurge, are waiting till next week to start the next plunge, or trying to decipher the Greenspeak. I can't believe stocks like MU, YHOO etc are making new highs while DELL and any other company that actually earns money are under performing. KEA is really ticking me off. The number one best performer for 10 years yet the best kept secret among it's traders and it has been sitting here like a limp noodle for weeks. Guess I should just buy KTEL or AMZN <g>

The OEX made it pretty close to the resistance point I expect to hold. It is the line that contained the stair step pattern after the initial drop that we stayed in before the second down leg. If we break through that, then I would have to say either this is for real and we will rally forever or else this was a "fool the TA guys" and force capitulation of all bears and we will finally plunge head long into the abyss below. Since many of the stocks like DELL and some others have stalled, they have actually been able to get their over bought readings down. I still show the indexes way over bought daily and the weeklies are getting pretty high too though they have some more room. I did notice on the bullish argument's side that the pullbacks have been on generally low volume while many of the gains earlier were on higher volume. This trend is going away lately though. I really don't know but I don't trust this market enough to hold over the weekend, that is for sure. I may be cash hopefully tomorrow on the close. They say to trade your plan, mine has been to be ready for a downleg starting the afternoon of the 6th a long time ago and the 6th is tomorrow. I will be in day trading mode next week until I see a trend which I think should be down soon. Of course, I may change my mind. <g> Allot of mixed signals these last few weeks.

Good Luck,

Lee

Lee



To: Electric who wrote (17441)11/5/1998 10:04:00 PM
From: dennis michael patterson  Read Replies (1) | Respond to of 42787
 
Electric: I see that piece of trash PAIR closed down today. I hate that stock. I wish you a small profit, and a swift exit!! And what of Dell??? Did you notice Cramer yesterday on CNBC?? He said he had lightend UP on Dell and was long AMZN?????!!!!!!



To: Electric who wrote (17441)11/7/1998 9:53:00 AM
From: David Alan Cook  Respond to of 42787
 
Electric,
Been following TSSW for a long time. I like the stock at these levels. Here is my take on the + and -

Positive Points:

1) Company has lots of cash and investments
( $958,000 in cash and equivalents / $8,038,000 in short term investments / $1,370,000 in long term investments with only
7,889,000 shares outstanding )
2) Company sells for less than book value which is made of cash and investments.
3) Industry average Price to Book is 13.83 versus TSSW's book value of .79
4) Company sells at a steep discount to the average industry Price to sales ( TSSW 1.11 Industry 12.62 )
5) Company has no bank debt and LTD to equity is 0.
6) Quick ratio is 2.65 and Current Ratio is 2.93
7) New Mgt on board bringing in a new director.
8) New director from AWARD software buys 120,000 shares at $1.20. Company enters into an agreement with AWARD to market product.
9) New product launch in Nov will include hardware / software bundle
10)Company's new product was just nominated for product of the year by PC Mag.

Negative Points:

1) Company's management after having 2 breakeven qtrs . . .reported a loss in the last qtr. ( Company decided to exit the antivirus market and to focus on the company's core checkit product line )
2) Last CEO unable to develop a sound marketing plan to take advantage of its product line which has received great reviews ( new agreement with AWARD and hardware / software bundle will help )
3) Loss of investor confidence in past management. ( Most investors including myself were very disappointed in the prior management efforts )

Bottom Line: Company's stock is valued below its cash with new mgt and new products ( One of which is being nominated for the product of the year award ), the reward / risk relationship appears favorable.

DC