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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (3379)7/19/2000 10:31:26 PM
From: Logain Ablar  Read Replies (1) of 30051
 
Zeev:

Regarding WSTL. Great quarter and income statement. I have a target of high $30's but it may not be reached if they come out with a secondary in the near term. The balance sheet indicates they've been building product (inventory increase). DSO from a quick glance seem reasonable (I didn't listen to the cc, problem on my end and won't listen to any cc's till later this week).

In my experience a secondary announcement would put a cap on the price until the secondary is completed. Its still on a buy signal and needs to print $27 for a new PnF one.

Tim

PS There is a luv fest going on on the SNDK thread. Larry sounds like he wants to kiss the Chairman. Hope it bodes well for the stock tomorrow.
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