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Technology Stocks : STAR Telecommunications (STRX) -- Ignore unavailable to you. Want to Upgrade?


To: Bill Lotozo who wrote (126)6/10/1998 12:26:00 AM
From: GeorgiaGN  Respond to of 780
 
Was today, for those of us on West Coast, fun or what? For those stars in the east you had pleasant dreams. What a great day June 9,1998 was for our stock.
Georgiagn



To: Bill Lotozo who wrote (126)6/10/1998 1:42:00 AM
From: Spaw  Respond to of 780
 
Bill,
It really depends on whether the analyst community give a thumbs up to Star's strongly bullish tone. We should see revisions within 5-7 days. With the pooling of interests, the acquisition becomes accretive immediately. The only negative is a larger float, which is unavoidably dilutive.
My opinion is for an up move... I'll be buying MORE. I had planned on picking up the November 25 call options when they were out of the money. Too bad I hesitated! A friend backed up the truck and is smiling widely as we speak. I do have a nice position on the long side of the stock, and will add to it on any weakness. Star should be at 40 before the end of the year (most likely sooner, and higher).
Tomorrow we will know.

--spaw--