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

To: MeDroogies who wrote (1847)	7/11/2000 3:36:38 PM
From: Herschel Rubin	Respond to of 2018

We may see some short covering in the day or so. There were 2.89 Million shares short as of the last short interest measurement date in June.

To: MeDroogies who wrote (1847)	7/11/2000 3:37:17 PM
From: Herschel Rubin	Respond to of 2018

Today's high volume (I believe earlier today ASPT volume was the second highest on the Nasdaq), will draw attention to ASPT (of course not favorable, based on the news), but many contrarians are drawn to these bouts of over-reaction selling. In the process, they discover more about the company and stick with it. That is precisely how I have found many gems, myself.

To: MeDroogies who wrote (1847)	7/11/2000 3:39:38 PM
From: Herschel Rubin	Read Replies (1) \| Respond to of 2018

I'm buying heavily today. I listened to the CC last night and the earnings shortfall appears to be temporary. As we well know, temporary setbacks provide some of the best buying opportunities. As we also know, this company is very well-positioned in the e-CRM space, thus today's drop amounts to a significant discount in an otherwise excellent company. MeDroogies, your point about institutions bailing is well-taken. It appears that is precisely what's happening: Large blocks have been going off all day. But we must remember that when ASPT was at $7 in Mar-April 1999, Fidelity was dumping shares (into my hands, thank you). Mooch funds don't always do the right thing (for example the useless window-dressing they often do at quarter-end is often counter-productive). In addition, as we wind up today's activities, it is quite obvious that a line has been drawn in the sand... at about $19-20/share. Granted there have been block sellers, but there are also block buyers meeting those sellers. Today, they've met in the middle without much intraday volatility. Evidently about as many buyers rate ASPT as a buy as sellers rate it as a sell. Today's news will be digested and tomorrow we move on, having established a solid base at these prices. Now that ASPT has been completely pummeled down to $19.50, it represents a fine opportunity for more than a double by year-end. If things go as planned for the e-CRM sector, ASPT could be another 10 bagger from here in the next year or 18 months. JMHO.