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Technology Stocks : Summit Design (SMMT)-Another EPIC? -- Ignore unavailable to you. Want to Upgrade?

To: dragonpawn who wrote (89)	4/7/1999 9:21:00 PM
From: Xiaoping Zhang	Read Replies (1) \| Respond to of 100

Hi, Dragonpawn: I learned my biggest lesson of investing from last year's price fall of SMMT from $15 to $10, after that Q's numbers were released. I was holding 2000 shs, expecting a ride on good earning report. The earning and revenue numbers were good, however I had no idea of the prospect of its business. But, obviously, the big players had information that we did not. They were selling on the "good" news. My lesson is that its very hard for our individual investors to find important information about this company. I bought the shs after IBD ran a story about this company in the New America section about a wk before the earning release and I did my homework checking its fundamentals based on website information. Still, I got crashed. Now I found chart reading is more helpful than fundamental study. Yes, I still follow this stock but dared to enter a small position only once and that was purely based on my chart reading. After the price moved up a point, I took a quick profit and ran. That was at about $8/sh. Now SMMT is languishing between $ 3 and $4. Do you have any information about the company? The price looks stablized for now; without fundamental information and a breakout, I dare not touch it. Good luck to anyone who is holding this stock. Xiaoping. 04/07/99.