re: tomorrow's opening price...unbelievable
seals and ajjjjjj, i think you are incorrect on the issue of the fundamentals. the stock rose on the back of the statement by management that it would earn $11,000,000 profit in 2006 and that they had a huge response to a new product (sonet). They have continued to reaffirm this target will be achieved. i believe thats a very reasonable forward PE ratio for a tech stock that is going to achieve $250 mil in sales in 3 years. Please inform me what constitute fundamentals if they dont? WHat brought the price down was IMO a lack of confidence in management to achieve the targets that they continually reiterate. If the company has more good news to release as i have read in another post then why dont they release it? if it hasnt happened yet isnt it speculation and they are just starting a positive rumour? Having said this i think we will see a slow recovery continue tomorrow. We will now see a much stronger support at the 65c level. we all now know everyone who follows the stock considered it too cheap in the 50's. TA's opinions are welcome
SEN Price at posting:
0.0¢ Sentiment: None Disclosure: Held
