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

To: Herschel Rubin who wrote (1866)	7/20/2000 4:27:26 PM
From: Herschel Rubin	Read Replies (2) \| Respond to of 2018

More on the CC: Beatriz Infante, Gary Smith, and Kevin Parker did a superb job on the CC and I think everyone who has listened would agree wholeheartedly. They've more than done their job in damage control. BUT we cannot expect them to control street sentiment. And they cannot order analysts, institutions, and retail investors to buy. They cannot magically cause share prices to revert back to their prior levels without, perhaps, issuing fluffy forward-looking statements. Nor can they convince people who bought at $19 3/4 a few days ago NOT to sell for a 20-25% profit. This stock has sustained much technical damage due to the recent high-volume panic day. The rise out of this trough will encouter resistance from short-term profit-taking. All mgmt can do at this point is issue convincing argments as to why this stock is going to hit the big time. That they have done. What none of us wants them to do is issue overly optimistic forward-looking statements. They have been very careful to not do that. Finally, in listening to the CC last night, my intuition tells me that mgmt also seems to be shell-shocked by the 50% drop in share price. They didn't come out and say so, but judging by the tone of their indisputably hard-hitting remarks about ASPT's strengths etc., one can ONLY assume they were EXTREMELY disappointed in the street's response to their preannouncement. They're fighters and they will prove to "The Street" that, next time, "it" should do its homework before trashing a stock like ASPT. This is not a fly-by-night dot.com stock. Yet on July 11th, they (institutions and retail investors) threw the baby out with the bath water. Meanwhile, those of us who understand the company better than the institutions that were hastily dumping blocks on July 11th have taken this opportunity to accumulate more shares. Their loss...