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Technology Stocks : Excel Communications -- Ignore unavailable to you. Want to Upgrade?


To: frank 3 who wrote (2433)12/19/1997 6:59:00 PM
From: Rob S.  Respond to of 2806
 
Merry Christmas!

Have fun in Michigan.

I haven't had much Excel stock recently and wish I had sold the odd lot amount I had left. I think it may go down another point or two short-term but will be up to 18-20 within a few days of the earnings release.

As a short candidate, Excel is not hardly overvalued.

Excel will be putting plenty of their "money where there mouth is" over the next several days - I think Kenny and John enjoy blasting the shorts when they set themselves up for it. Anyway, they have a large pool of cash they can exchange for stock and IR said they plan to start next week. Their 10 million share buy-back plus about 3 million short should help create nice buying pressure when the market uptick occurs in mid January.