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Technology Stocks : MITEL (MLT) -- Ignore unavailable to you. Want to Upgrade?


To: Guaranteed who wrote (1487)6/26/2000 7:19:00 AM
From: Guaranteed  Respond to of 1730
 
Coupland ( CIBC World) reiterated a STRONG BUY on Friday.I think the timing is VIP ,for 3 reasons.
First of all , analysts usually don't issue a strong buy , 1 week before the end of quarter, without being very confident of the numbers.
Secondly , both BCS and Semi were at a big VOIP show in Europe, earlier in the week ...you have to believe they were scoped out big time . If Coupland wasn't there , somebody, whose opinion he respected , was there.
Thirdly , we are entering into the last week of quarter . Stocks like Mitel that are starting to "come on" , often gain more momentum as they are window dressed into institutional and fund portfolio's.

One other thing - Mitel broke through the 50 day MA on Friday ...it sure looks like we have clear sailing to 40 cdn , eh?



To: Guaranteed who wrote (1487)6/26/2000 11:10:00 AM
From: Robert  Read Replies (1) | Respond to of 1730
 
Volume has been declining on the TSE...that's all. Not a big worry, but more supportive volume would add some confidence to the upward trend. I did also say that it looked like it could break out of its base. Is it not doing that?