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Technology Stocks : Aspect Telecommunications (ASPT)
ASPT 0.00010000.0%Dec 26 9:30 AM EST

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To: Remo V. Biagioni, DMD who wrote (1993)4/19/2002 11:41:55 PM
From: John Pendergast  Read Replies (1) of 2018
 
Remo,
I thought that a "dead cat bounce" was supposed to be a brief rally from a very oversold condition. Aspect has been in an uptrend for awhile and put on some steam today as a result of a lot of positive visibility for the future. That doesn't mean straight up from here but IMO that is the general direction for the foreseeable future. They were supposed to have a loss this quarter and for the next couple with a loss for the year. Now their guidance is for positive quarters and year. A significant new IRS award bodes well for additional government business. Perhaps related to security needs but not necessarily. I added to my position yesterday by selling 3/4 of my holding in another software company and will do so again the next time I come into some spare change. Good luck and chime in occasionally.
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