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Technology Stocks : NovAtel - Global Positioning Systems
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To: Robert T. Quasius who wrote (54)12/1/1997 9:36:00 PM
From: David Rubin  Read Replies (1) of 191
 
Any speculation on why Novatel has been hit so hard? This is the 5th straight down day, and on an incredible day for the rest of the market. About the only positive I can see in the chart is that the weakness has been on steadily decreasing volume ... not a lot of sellers but far fewer buyers.

Is something brewing that we don't know about? It seems to me that Novatel should have a decent quarter given that they will ship a number of WAAS receivers. It's been maddening watching a 50% gain turn into a slight loss over the past two months. I still think Novatel is a great value but this is really hard to take.

Time to buy some more, or jump ship before it gets worse?
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