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Technology Stocks : ACT NETWORKS
ANET 127.26+1.8%11:51 AM EST
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To: RODNEY W. CURVIN who wrote (2258)6/29/1998 7:41:00 PM
From: Stockgirl  Read Replies (1) of 2326
 
I have heard rumors (credible rumors though) that the second quarter numbers are going to be terrible. Look at how the stock has come down over the last 4 sessions. Pretty much tells me that the rumor is true.

Unfortunately Wall Street never takes a stock to it's point of equilibrium, so they will have to take this stock below it's intrinsic value. That I believe will be $7.50 (maybe a shade lower) before it bases there and begins to recover. In any case the money is going to be dead for a while for sure.
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