Another DSL Play. 11 mil in float, 61 mill out. Bouncing off the lower BB yesterday. Looking to channel the 200 EMA from below for the first time.
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'kensey' has recommended TSTN (Long) at Aug 24 2000 2:48PM
'kensey' said:
nibbing on TurnStone (TSTN) simply because it has been so beaten
down.
price here is at 59 is deamed support. this line is drawn in.
the bet is simply 'eventually the selling stops'. need to think
of clint eastwood, stare into the mirror and snarl 'well, do
you feel lucky today? heh? HEH?'. of course, one needs to use
their imagination here. and if a picture is worth a thousand words,
a thousand words is probably worth no more than a diaper.
strong top line growth.
moneycentral.msn.com
as can be seen here, revenue in Q2 was approx 80 percent over
Q1. when i see top line growth like this, i usually wade in with
a vest when the stock is experiencing indescriminate selling.
Business Summary
Turnstone Systems, Inc. is a provider of products that enable
local exchange carriers to rapidly deploy and efficiently maintain
DSL services. The Copper CrossConnect CX100, its first product,
is currently being installed in telephone company central offices
by competitive local exchange carriers to speed their deployment
of DSL services. The CX100 product family enables the rapid and
efficient deployment of high-speed digital services on existing
copper telephone lines. Its Copper CrossConnect CX100 product
family improves the efficiency of installing and managing
DSL services while delivering the high levels of reliability and
scalability needed in a large, complex network. The CX100
product family is the first solution designed and built
specifically to enable local exchange carriers deploying DSL
to automate and remotely control the installation, qualification
and maintenance of copper telephone lines in a local loop.
Financial Summary
Turnstone Systems, Inc. is a provider of products that enable
local exchange carriers to rapidly deploy and efficiently
maintain digital subscriber line (DSL) service, enabling the
automation of installation, qualification and maintenance of
copper lines. For the six months ended 6/30/00, revenues
totaled $64.2 million, up from $5.7 million. Net income
totaled $13.6 million vs. a loss of $2.3 million. Results
reflect increased sales of the Copper CrossConnect CX100 product.
kensey
See the annotated graph of this recommendation at:
clearstation.com |
