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Technology Stocks : Aspect Telecommunications (ASPT) -- Ignore unavailable to you. Want to Upgrade?


To: KHS who wrote (1355)7/13/1999 4:37:00 PM
From: MeDroogies  Respond to of 2018
 
Well, I always kick myself when I am deciding between options and choose the one that doesn't pay off.....
I put my money into call options on MFNX because it is very undervalued and is due to make a nice move. Unfortunately, I put it in call options that require a bigger move than may occur at this late date. However, we live and learn.
Still, the cash outlay for those options was a pittance, and wasn't really worth spending on ASPT (wouldn't have gotten much for it).
I am thinking of cashing out of some AOL for the time being, and shifting that money over. However, I think AOL is going to beat earnings, so I want to hold on for that. If ASPT takes its time filling the gap (I hope), I should profit from this.....



To: KHS who wrote (1355)7/13/1999 4:38:00 PM
From: corporal spewchunks  Read Replies (1) | Respond to of 2018
 
That was totally irrational selling by FMR and FMS, which spit out millions of shares and drove the price down to absurd levels. One of these days I think we will know why they did this but IMO it doesn't have anything to do with investing. It has to do with punishment for some perceived offense. I have three potential theories on this: (1) It relates to the convertible preferred that ASPT did which subjected FMR to the dilution of its position and therefore a loss of control;(2) It's related to the technology implementations which ASPT did with E*Trade and others (and which has now put Fidelity behind in the battle for online traders) or (3)ASPT refused to give in to some FMR endorsed buyout which would have yielded FMR a big premium on their stock. Not sure wether there is anything to any of these theories but I know something happened to cause FMR and FMS to literally throw their stock into the street to the detriment of their shareholders and other ASPT holders. I think that this is too big a secret not to get out so we will see. In the meantime, I am going to continue to probe this in every forum I can to see if the truth can be made to surface. I'm sure there must be those at ASPT who know something about this. So if I can't get the answer anywhere else, I'll ask ASPT. This is no kind of battle to just walk away from since everyone has a stake in knowing what actually happened.