ASDV- Aspect Development-THE NEXT MSFT! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : ASDV- Aspect Development-THE NEXT MSFT!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mike Johnson who wrote (5)	7/18/1996 9:26:00 PM
From: Steve Jordan	of 414

Mike, Thanks for the IPO information. Just goes to show crazy this market is. If you would like to see its chart take a look at www.briefing.com. The stock went as high as $36 and quickly feel to around $20 after its IPO underwrite, Alex Brown, came out with a neutral rating (I would bet a lot of that rating had to do with its price at the time--around $30. It quickly fell to $20. Then Robertsons Stephens Investements came out with a BUY recommendation and it quickly rose to around $28, then the overall correction in the NASDAQ hit and the stock came back down to $20. Yesterday earnings came out and it bolted back to $22. That's where we stand today. Please give us any thoughts you might have on its products and if you're aware of any competitors. Technically, the fact it was able to hold on its second drop to $20 and rebound shows support exists there. Good luck.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next