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

To: Christopher Brainard who wrote (742)	4/21/1999 3:49:00 PM
From: dstange	Read Replies (1) \| Respond to of 1540

Chris, I am the guy who sold you stock today who posted on the Yahoo thread. I am not much of a trader, nor do I have a large portfolio, but let me explain my reasoning. I originally bought SBSE at 19 and watched in run to its 52 week high of 33 or so. I then watch in go up and down and eventually fall back to 21 where I got stopped out before the earnings warning last fall. I never traded before then, but I began to realize with SBSE and other stocks that I left a lot of profits on the table by just holding. So I bought SBSE again at 13 and sold at 23. I felt that it would drift back to 18 looking at the chart, but i couldn't help myself, so I bought again at 21 and, sure enough, watched it go back to 17. However, having no money left, I couldn't buy more. I have a small portfolio right now trying to learn and turn it into something bigger. I do not invest in internet stocks, but I think there is a lot of opportunity in learning the stock cycles of a good company like SBSE and trading in and out within the cycles. It is low risk and I don't have all of my money in a stock as it begins its sure and slow decline after earnings announcements. Looking at the chart, I feel I can make a reasoned guess of a good return entry point. Sure, the stock may take off without me. But, I stay partially invested and the market is volatile enough that I believe there will be entry points along the way. This may not be as smart in the long run as buy and hold, but it has worked for me and I'm sure many others. Besides, its fun, I'm learning and making some money. Again, thanks for your excellent posts. Dean