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Technology Stocks : Tellabs (TLAB)

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To: Frank Yashar who wrote (48)12/2/1996 2:12:00 AM
From: damniseedemons   of 75
 
No rumors or anything. I just think that there are a lot of converging factors which should indicate that TLAB will make a nice move.

As far as "run[ing] ahead of earnings" goes, people will be buying TLAB stock before the earnings announcement, in hopes of yet another upside surprise. Also, since people know that people are going to buy TLAB ahead of the numbers, they will try to outdo the rest, and buy also.

Technically, TLAB looks like it has had a modest pullback to some decent support levels, which, for this kind of stock, will be the base for a rally.
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