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Technology Stocks : Aviat Networks
AVNW 23.29-3.6%3:59 PM EST

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To: The Ox who wrote (180)8/26/2008 4:04:00 PM
From: Rob Preuss  Read Replies (1) of 312
 
We've seen a fairly steady uptrend in price on decent trading volume since the recent plunge on bad news. The result is that we've recovered about half of the share price loss that the bad news engendered.

I see this as an encouraging sign. The bad news was entirely about the past (and occurred under previous management) while it came coupled with good news about increases in current revenue and new orders. So the buyers are trusting that this bad news represents a history that won't be repeated, while simultaneously looking forward to the potential for a more positive future.

Hopefully HSTX will soon release revised financials that are in line with the ranges they projected and will couple this with additional evidence to support a positive future outlook. This would help keep the share price on a steady uptrend.

Rob
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