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


To: dstange who wrote (743)4/21/1999 5:04:00 PM
From: Christopher Brainard  Respond to of 1540
 
Hi Dean,

Please, do not take me wrong. Since the end of 1996 the correct play on this stock has been to trade it. Any long position since then is down 20 points or over 50%. When the stock tanked to below $10, I got two of my brothers in around $10. One sold as soon as the stock hit $20 on the initial rebound. The other held, bought more twice at $16 and $17 and sold everything two days before earnings. I too added more shares at $10, but I have only sold a portion of these to take the gain. Again I sit with the majority of my "GEM"!

Someday those long the stock will be rewarded, just not today! Congratulations on a good trade today. I am pretty sure you will be able to buying your shares back at a lower price. Rest assured when this happens, I will most like be "buying more" and my brothers will be repurchasing their shares.

Take care.

Chris ....