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Technology Stocks : HIGH SPEED ACCESS {HSAC} -- Ignore unavailable to you. Want to Upgrade?


To: KLP who wrote (873)6/1/2000 4:49:00 PM
From: Puna  Read Replies (1) | Respond to of 963
 
Hi K., I have come to the conclusion that HSAC is doing fine as far as their fundamentals and rollout of infrastructure.
The steady decline in stock price has more to do with a loss in favor in the general Broadband/Cable arena.
The last six months all the wireless and glamour stocks were just too hard to resist and that is where the money making was.
Also, the fund managers wanted to show good profits in their portfolios and dumped or avoided this sector and still do.
Through possible disfavor by the street for PA's investments in general and we have what we have, sliding stock prices and disinterest in this expensive & slow-to-deploy cable-broadband market.
I think we will begin a slow upward ramp this fall and will see why we are in this stock at this time next year.
When I bought CHTR, RCNC and HSAC I was totally prepared not to see much upside for two years. Admittedly, I did not expect this much down side.
Because I still see a strong future for all cable related companies that are positioning well now, I have been buying more of Digio(?)-(Broadband)Partners on these extreme lows.
Charter has shown very strong comeback these last few days and I think HSAC has found its bottom support at around 4 1/2 and closed upward on strong volume today.

All of this of course is just my humble opinion,
Puna