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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Steve168 who wrote (18731)	2/24/2004 2:21:31 PM
From: - with a K	Respond to of 78670

If $31 doesn't hold for UTSI then I'm afraid of how far it will fall: stockcharts.com[h,a]daclyiay[dd][pc20!b50!f][vc60][iut!Ub14!Lc20]&pref=G Thinking that, I sold some yesterday. I could be wrong, but it's what seemed right to me.

To: Steve168 who wrote (18731)	2/24/2004 9:50:00 PM
From: Spekulatius	Respond to of 78670

Steve, i don't think that anyone can predict short term stock fluctuation so my guess was just as good as yours and I just got lucky. The 32$ number came from the fact that UTSI has bounced of this level twice. The fundamentals for this stock look fairly good but i don't like the fact that it has a huge analyst coverage and quite a bit following from the mo-mo crowd. This makes me somewhat less sure that I found a mispriced stock. The odds favor a bounce of the 32$ for a few bucks but i also think that K's scenario of the stock falling into the gap between 20 and 30$ with little support merits some attention. But to answer your questions, I have not bought yet, been to busy to follow my stocks today. I'll put in an limit order for tomorrow and see how it goes.