Aspect Telecommunications (ASPT) Message Board

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Technology Stocks : Aspect Telecommunications (ASPT)

ASPT 0.0001000

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Jan 29 9:30 AM EST

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To: MeDroogies who wrote (631)	12/9/1998 2:53:00 PM
From: Herschel Rubin	Read Replies (1) of 2018

I would concur that this is an elephant trampling the ants. Once the elephant passes through, it'll be business as usual. Saw two 100K blocks definitely on the BUY side at $15 5/8 - and 50K bought at $15.50, 25K bought at $15.375, etc. But there is lots of overhead supply. These large buys aren't able to push through, however. Just have to wait it out. The seller may have needed funds somewhere else quickly and had bought below $13 a few weeks ago. I am encouraged by the fact that the selling ceiling today is at a higher level than yesterday, and it looks like we may close above yesterday's close after gapping up in the morning. THe seller may have gotten rid of the bulk of his position yesterday and is trying to lure buyers into picking up the remaining shares today. Therefore, I added some more shares to my position today.

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