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Technology Stocks : Transaction Systems Architects (TSAI)
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To: Mr.Manners who wrote (9)4/22/1998 12:38:00 PM
From: NotNeiderhoffer  Read Replies (1) of 63
 
Kasha,

I do not expect much and frankly think we might struggle a bit before setting a 52 week high. I called the guys last week when the stock was sloppy and they said that bank merger speculation was behind the selloff. I thought it might of been related to the ATT frame relay network going down as ATM's in certain parts of the country went out of service. There is also apparently some pending legislation in Washington regulating ATM fees.

I don't know why someone would buy the stock and then sell on news of bank mergers. That theme is not a secret. BTW, TSAI finally landed Citibank after years of prusuing them; the gradual shift to a deferred revenue model penalizes EPS short term but increases EPS predictability longer term. People are paying up for predictabilty and barriers to entry.

I am not a chartist but it seems we might be set up for a violent move here.

NotsurethemultiplecanexpandmuchfromhereeitherNeiderhoffer
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