ASDV- Aspect Development-THE NEXT MSFT! Message Board

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Technology Stocks : ASDV- Aspect Development-THE NEXT MSFT!

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To: Brian Malloy who wrote (316)	7/31/1999 3:24:00 AM
From: nick cash	of 414

we've got quite a task ahead of ourselves getting thru the resistance @ 23. the stock stalled exactly where it should have on the chart. i originally bought looking for a strong technical bounce (in @ ~7 3/4); but didn't bail because the fundamentals of this company remind me of sebl- 3 years ago. it's a tough call here though. it will be next to impossible for the stock to break thru 23 if the market continues to deteriorate. major averages are about 1% above key support, we break it and asdv will lose the business week article momentum in a heart beat. in that event, we'll have a hard time holding 17. market holds...... we make a run @ 23. if/when we break 23, i think we'll have a quick move to 31. it will be interesting to see how the stock reacts to the actual news on monday. sell on news or rally on news will give some short term clues. of course, if the market is tanking, it will make for a tougher read. kind of rambling here- typing out loud..... still long but on the fence. i agree with the article in that the stock has considerable long term potential. i just don't want to take a round trip back to the low teens in the interim. disclosure: my accounts are long asdv (duh!) and all is obviously imo only and not a recommendation......nick

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