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Technology Stocks : Alphanet Telecom, WOW !
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To: JAMES BORECKI who wrote (11)7/14/1997 11:54:00 PM
From: aaa   of 117
 
I believe that the the sole reason why the stock is trading at this discount is due entirely on the beta testing annoucement of a few weeks ago. Apparently, there were a bunch of rumours circulating around the stock in March/April which caused the stock price to jump to $12.25. When those rumours did not pan out, the stock dropped back to 10$. When the beta testing news came out it droped to the current levels. The potential of this long distance market is tremendous. There is no doubt about it that the network will work. The issue is when it will be put into commercial production and that is why the stock is trading near its lows. If some form of annoucement is made re: the beta testing, we should see the stock rebound strongly. After all, with only 8 million shares outsttanding and through past history, we know that a 1000 share trade can push the stock up .50 alone! As the volume augments each day, I would take that as a sign.
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