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researcher59

08/14/07 5:36 PM

#79178 RE: michael t #79177

michael: SIMC was a popular trader's stock in the spring an summer of 2006, the catalyst being speculation of a strong Q2, which ultimately turned out to be a disappointment .... last July volume averaged 370k per day .... this July volume averaged a mere 8k per day !

What a difference a year makes .... the stock has been in hybernation .... maybe this strong earnings report will wake it up ? But as you indicated, quarterly results have been volatile, so depending on the price, it might be a risky hold into Q3 earnings. But that's 3 months away, so plenty of trading opportunities before then .....