Aspect Telecommunications (ASPT) Message Board

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Technology Stocks : Aspect Telecommunications (ASPT)

ASPT 0.0001000

0.0%

Oct 22 9:30 AM EST

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To: TheRainmaker who wrote (403)	10/16/1998 10:26:00 PM
From: hoffy	Read Replies (2) of 2018

In this market any stock that misses estimates gets crushed and then rebounds after people realize that the stock has good value still. When it missed by a penny and the downgrade came the stock was doomed. Being a Friday didn't make it any better as people didn't want to hold over the weekend. It will probably gap open about a buck or so and trade pretty wildly between 12-15 before settling in around 14-15. The downgrade wasn't even that bad as it went from Buy from strong buy, but this is with the price at 18. AT 12 that analyst would probably rate it a strong buy again. With a price target of 22, 12-15 is a nice entry point. Monday will be fun and wild. I would buy under 13 and sell over 14. Of course this is a traders mentality. Good luck

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