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Technology Stocks : Aspect Telecommunications (ASPT)
ASPT 0.00010000.0%Jan 8 9:30 AM EST

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To: KHS who wrote (861)3/29/1999 9:07:00 AM
From: MeDroogies  Read Replies (1) of 2018
 
In this market, I'd say fundamentals have taken a backseat. The market itself has taken on more of a casino (get rich quick) quality, which is derived from technicals as opposed to fundamentals.
When you consider this, it becomes apparent exactly why ASPT has suffered. The technicals suck. I have been slowly learning more about technical analysis and (JP can confirm this) when we were hovering at 8, I felt ASPT would hit and hover at around 7. Even so, I bought at 8, feeling the downside was limited and that I could risk losing a point and a half to gain more when the bounce comes.
I think the bounce will come soon. Stocks that fall as rapidly as this one disappear from most radar screens. When they announce decent earnings, there will be a flurry of activity to push this back up to decent valuations.
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