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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT

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To: jeffbas who wrote (315)11/8/1997 3:06:00 PM
From: Asymmetric  Read Replies (1) of 1250
 
ACTM Hit New Low of $14 On Friday.

Guess I couldn't help myself, and picked up 3,000 sh
at $14 1/2. Since many fundamentals on ACTM have been
discussed elsewhere on this thread here's another angle.
Did some looking up, and saw this stock closed trading
on July 1st at 41 3/4. So stock has lost over $27,
or 65.3% in little over 4 months. Can't see stock
going much lower from here, but then stranger things
have happened. A mere 3 point rise back to $17 1/2
would be a 20% gain from this price level.
Pretty close to a gimme in my opinion.

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