SI
SI
discoversearch

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 : Excel Communications
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Joe Jackson who wrote (2259)10/9/1997 8:19:00 PM
From: Rob S.   of 2806
 
I've got a fax on the release buried here somewhere, I'll look around and post later. The price action looked very positive today. What was very encouraging is that it was not just small orders that drove up the price. There were about ten trades of 10k shares or more and a couple of around 20k. One 20k order gapped the price up by 1/4. This could be institutional investors placing bets on what is now a sure thing.

I think the price will posibly rise to around 30-32. This is shy of analysts 12 month target of 34-36. I think it could pull above 32 for a while but would likely settle back down to 30-32. A lot depends on the company's statement during the meeting and at the conference call about earnings. If there is anything that causes an upward revision in earnings expectation or just a firming in the confidence level that next year's target numbers are doable, then the stock couyld move higher. In that case, analysts might revise up the forecasts a bit further.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News