Tekelec Message Board - Msg: 12030046

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Technology Stocks : Tekelec

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To: CrossBar who wrote (1173)	11/21/1999 11:48:00 AM
From: John Curtis	Read Replies (2) of 1648

I agree that TKLC's current valuation in no way(imho, of course, heh) signals a selling situation. I'm hopeful that with options expiration out the way we may continue this upcoming week to see TKLC slog away in a positive direction. Why slog? Weeell, going all the way back to last February you'll recall TKLC had its original "fall from grace" at that time. As a result I maintain there's significant overhead resistance between ~$17 7/8 and ~$19. This resistance will take some punching to bull through. Fortunately TKLC should be helped not only by its fundamentals, but by the fact that the market is very focused on telecommunications plays right now. Once $19 is taken out me thinks we'll see ~$21 reeeal quick afterwards. And let me go out on a limb and say my expectation is TKLC being well north of $30 by this time next year. IMHO, of course, and this is barring any major catastrophes out of TKLC or the market in general during the insuing time-frame. Regards! John~

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