To: corporal spewchunks who wrote (432 ) 10/19/1998 1:18:00 PM From: Trader Dave Read Replies (2) | Respond to of 2018
Could you please explain to me what on earth you are talking about? I want you to be crystal clear. Are you saying I am Ted? I don't think I am, but maybe I'm just here to manipulate the stock. I'm flattered you think I have the power to drive multi-million shares of trading. Seriously, why the attacks and the obsession with the trading? Perhaps relative to others I know aspt fairly well, but I know it the least of my holdings, I didn't listen to the entire conference call since I was on other calls at the same time, but I heard enough of the portion on company guidance guiding down estimates to the low end of expected growth. Given the overseas risk, that's enough to crush a tech stock. Tell me, John, how many other analysts lowered their estimates after the call? How about all of them. Jackson lowering to a buy was a legitimate decision in this market, frankly he could have even gone to a neutral, but he does think it is a quality company and the selling is overdone. Going to a buy gives him a bullet to fire when (and if) his conviction returns. BTW, jackson has a "neutral" rating on Davox. If you think the stock price is so ridiculous you should be thrilled unless you are a short term investor. If this is a legitimate over reaction (and there have been many of those in the small cap tech world) it creates a fabulous buying opportunity. In the short term, analysts and estimates can have a dramatic impact on a stock, in the longer term, company fundamentals will be properly reflected in the stock price. These are the factors that make markets and opportunities. any other accusations you care to make?