Don't know the reason for the downward spiral. Lost some 20 percent in the past several weeks. I was thinking about pulling out at 30 but I thought we would break out later around July. I heard that there may be a sexual harrasment law suit against AMS - heard it from the yahoo board. But I don't think it affected the stock price. Something else is bring it down. Maybe it's the shorts, thinking earnings is going to be bad. I really don't know since I haven't been paying too much attention to the stock. My other stocks are doing better (LCI/QWEST, ORACLE). I'm still predicting 35 by mid July. Thats 10 points in about a month. I think we can do it if earnings are great and AMS gets more contracts. I think AMS's focus should be Y2K, Euro, billing systems, customer care/billing for telecomm, and E-commerce. Shoot, I should start my own telecomm consulting company. Anyone interested?
Again I have no info on why the stock is going down. Maybe summer slump - no new contracts, senior person selling large chunk of stock, shorts, etc. Maybe we will see a rebound of 2 points by the end of the week. |
