ACNS: American Communications Services Message Board

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Technology Stocks : ACNS: American Communications Services

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To: Ruth Macellari who wrote (79)	2/9/1998 5:28:00 PM
From: Satalink	Read Replies (1) of 102

Well Ruth, I guess I was right after all. It's still not too late for you to "follow my way of thinking." Today was a very impressive signal that this stock is going to see some downside for at least a few weeks. Tuesday or more probably Wednesday will see a slight uptick after it falls through 15. Then I feel this stock falling through 14 within a week or two at worst case. I called the company today to ask when they are going to release their reports. They said that 4th Q will be released the 17th of Feb. and the 97 annual report would be released sometime in April. So, what does that mean. We have a correction going on in the CLEC sector. I suspect to see the correction to continue through this weeks end. Then I recommend to cover and wait until the report comes out. Be ready to go either way, but I suspect it to be towards the negative side, which will push the price down to test the 13's. If in fact, the sector looks bad you might expect to see the stock drop to 11~12 range. I doubt that I will be in that long but there is my forecast. Follow it or not, best of luck. Satalink

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