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Technology Stocks : Visioneer (VSNR): Does anybody know what's going on?

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To: jlib who wrote (1382)4/25/1998 1:38:00 AM
From: DrMedina1  Read Replies (1) of 1763
 
Re: Report Aftermath We got 2, price broke 4. My post of March 30:

Message 3883051

In today's trading, VSNR struggled bravely all day to defeat "sell-the-news", Friday profit-taking and a generally down market in tech. At 3-3/4, it's still above the two previous overhead resistance points: 3-1/2 and 3-11/16. There is value in this company, and Windows '98 scanner support is NOT yet factored into the price.

We didn't get a rocket. But in my view, VSNR is still a buy at these levels, and a rock-solid hold for significant monthly appreciation (25% per this year). Glad to see Robertson Stephens agrees with me -- I had already posted my estimate for total year EPS of .12+ on AOL Investor Network before I saw the RS figures here.

Markets like to factor things into prices in advance. Notice how we got the post-report price target before the report. Windows '98 scanner support is a nerd's issue today. At some point, it will move into the consciousness of the investing public -- very possibly before its impact is felt fully or at all in the marketplace.

VSNR -- a good company today, getting better all the time.
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