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Technology Stocks : Spectrian Co. (SPCT)
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To: Quang Nguyen who wrote (654)2/24/1998 1:06:00 AM
From: Jason Dekker  Read Replies (1) of 738
 
I'm surprised it's so quiet in here!! This looks like it could potentially be the bottom. Let's hope so! If anyone is interested in reading about the two new contracts they received, here is the link:
quote.yahoo.com

I also talked to the CFO last week and he sounded pretty optimistic about the future of Spectrian. He indicated to me that the company grows at 100% one year and 0 the next. This just happens to be one of those transition periods and wall street is punishing them for it. He also noted to me that company has over $12 in cash on the balance sheet and the company is looking into various ways to use that cash to enhance shareholder value. ($100 million in cash and short-term investments and $32.5 million in receivables, with 10.76 million shares outstanding)

Technically, the stock has finally broke out above both its 20 and 50 day moving averages. Another strong indication was that today's volume was four times the normal volume of 250,000 shares. These should be bullish signs for the stock. The next couple of days price action will tell us if the stock is ready to move higher or if it is still stuck in the $16.50 - $20 trading range. A breakout above 20 with a higher close would be a great sign.

Good trading,

JD
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