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


To: Thomas Scharf who wrote (1872)7/25/2000 9:30:45 AM
From: MeDroogies  Read Replies (1) | Respond to of 2018
 
I would love to know what kind of price movement you're referring to...was it the drop and sudden climb?
If so, I'm at a loss as to how that says much of anything, except that a great number of people thought that anything below 40 was a buying opp. Which makes alot of us mistake-prone.
I think alot of those people are the ones who dumped the stock at the pre announcement. As an investor, I can say we don't need people like that holding the stock.
I agree that the hit was painful...and I'm one of those who was a believer in the further upward mobility of ASPT. I still think it's a great stock, especially at these prices - but I think your time frame has to come into question. If you're angry about the $20k hit, then you must have a very short window....
I don't. If anything, I'm kicking myself for not selling at 69....but I still have very strong beliefs that this company is going to come out swinging and be back on its game swiftly.
One thing I'm curious of - when it hit $69...did the drop occur because of the convertible bonds they had issued were suddenly converted? I don't know diddly about that stuff - anyone else?