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Technology Stocks : Datastream Systems, Inc. (Nasdaq: DSTM) -- Ignore unavailable to you. Want to Upgrade?


To: J. DANN ADAMS who wrote (470)12/22/1998 10:31:00 PM
From: blankmind  Read Replies (1) | Respond to of 721
 
- hang in there

- I can't see why dstm hasn't been rallying with the best of 'em...

- Revenues of over $25 mill/qtr - record earnings - excluding the write off in R&D - $.20/share

- Book value of $4 a share, e-commerce initiative in '99, dstm was $27 1/2 just a few months ago

- you get the picture... I agree, this has to be tax loss selling; b/c there's no other way to explain it.



To: J. DANN ADAMS who wrote (470)12/23/1998 12:17:00 PM
From: M. Carver  Read Replies (1) | Respond to of 721
 
Dann,

My thinking is the same (tax-loss selling). I spoke with the company on the 22nd: although they are in their quiet period, I can only pick up good vibrations and can not confirm any negative news anywhere.

As a matter of fact, with the stock at a 52-week low here at $9, I just reviewed 2 research reports written on 12/9/98 that tout the stock at a strong buy! The two research reports are:

Robinson-Humphrey, dated 12/9/98: Short Term Price Target: $20 (we see excellent upside opportunity)

IJL Equity Research, dated 12/9/98: Target Price: $22, Strong Buy Rating

Both analysts spoke with DSTM's senior management this month! (that tells me the quarter must be going very well!). With a PE around 10 (looking at 99 earnings around $.96 -- this looks very promising). I think we have a winner here at a great entry price! I am still buying more in the 9 range.

Mark