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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (14129)	2/21/1999 1:22:00 AM
From: Jorj X Mckie	Respond to of 90042

JYD, From a P&F point of view there are some good reasons to look at this one for a long position. Though there would be some risk with the market conditions. SIPX broke a triple bottom and then dropped rapidly to a low pole pattern that stopped just above some long term support at $11.0 (a triple bottom). Right now the P&F market indicators are bearish, but SIPX looks like it would be a good bottom fish once the market turns. If it hits $10.50 that would be a bad sign. JXM

To: Junkyardawg who wrote (14129)	2/21/1999 8:16:00 AM
From: Oral Roberts	Read Replies (1) \| Respond to of 90042

Dawg, I would not like a stock that several of the Sr. VP's don't own a single share! If they don't like their own company, why should I? It had been down trending since Dec. from 36 to 24, when they did not meet estimates on the 18th and dropped 11 to 13. Their forward looking statements are all but saying they are not going to meet next quarter, and may actually post a loss. I would wait for a stock like this to turn around and clearly start upward before I took a bite. Perhaps one could say that the selloff was overdone, and look for a short term bounce, but other then that I would not like SIPX. Jeff