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Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?

To: Edwarda who wrote (5765)	6/24/1999 7:31:00 PM
From: jhg_in_kc	Read Replies (2) \| Respond to of 7342

who are you interlopers with your asinine, picayune disputes. shut the f--k up, all of you. I want to know about TLAB; that's what this thread is about. jhg

To: Edwarda who wrote (5765)	6/25/1999 6:01:00 PM
From: Farfel	Respond to of 7342

Edwarda---in that the stock immediately moved upward the next day and advanced 22% I don't think it was a market call really that "worthy of respect"----but all that aside, I seriously doubt that Tlab's will retreat to the $57 price again soon. The current trading range (base) seems to be between 65 on the low and 69 3/4 on the high. It will probably continue in this range for until earnings approaches which should be the week of the 19th of July according to Tom Scottino in investors' relations at Tellabs----but the earnings date at Tellabs hasn't been set in stone as of yet; their quarter ends 2 July 99. If you look at the charts of Tellabs, you might discover that rarely is the appropriate time to "sell" Tellabs within 7 weeks of an earnings announcement. Tellabs has a tendency to "pop" inexplicably to the upside usually far in advance of the earnings announcement----in January it "popped" 13 points to the upside with no apparent reason (and no news on the wires). In fact, it "popped" right after Katherine sounded the "sell" signal---to the UPSIDE, not the DOWNSIDE, about 12 3/4 points to the upside. And now it appears paused----basing between 65 & 70; it should have another good run breaking through the 70 mark probably hitting 75 (or better) prior to earnings and sometime AFTER the Fed meets next Tuesday and Wednesday. Now is actually a nice time to "buy" somemore Tellabs----probably just before the Fed announcement of the 25 basis point interest rate increase. At that time, as you say, history should show that Katherine's call was rather PREMATURE. This stock doesn't usually decline prior to earnings and is unlikely too now---barring any preannouncement---- especially given the fact that it will be the 32nd consecutive quarter of earnings "meeting or beating" the analysts' consensus. That's 8 years in a row of superior earnings. Given that track record, and a chart analysis, why would anyone dump the stock when it is entering the "stretch" of its race ??? I can't see it. This is usually when I add to positions----granted, historical returns do not guarantee future success, but then stocks, like good race horses, usually do have a habit of repeating prior performance barring a drastic change in the paradigm of their group or a failure in their own performance. In the event of a preannouncement, all bets are off. Barring a preannouncement----I'm adding to the position especially on weakness.