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

To: JakeStraw who wrote (549)	2/23/1999 3:49:00 PM
From: Jeff Bond	Respond to of 780

I'm in at $12 1/8, got mine yesterday. Looks like we may have formed some sort of a bottom, but the current highs are going to have to start being higher than the prior highs before we go too far. The trading volume to the upside is gonna say a lot too, whether any rally is going to be sustained or temporary. Good long-term choice if you ask me ... I think it can also be bought-sold for technically minded traders. MACD seems to be a pretty reliable indicator, buy at crossover and sell at MACD top (before crossover). Last two times this occurred netted 70% and 50% gains, although that occurred during the recent strong rally. As an aside, MACD should be crossing over very soon, and commence another one of those rallys. Todays initiation of coverage may really help things along this time, so hooooo haaaaa :o) $15 seems to be the major number at this point, let's see how well it moves through that price, and what sort of volume it attracts if it does so. I have a question, who knows anything about the private company Clarent that Star is working with to develop Voice over IP solutions. I'd really like to get a little more educated on them, and if they decide ot go public, I'm diving in with almost everything I have. I think Clarent has a very bright future in the telco and VOIP industry. Happy investing and trading, I hope we can all enjoy some enjoyable moments in the future. Regards, JB

To: JakeStraw who wrote (549)	2/23/1999 4:59:00 PM
From: Spaw	Read Replies (1) \| Respond to of 780

details on the coverage: 2/23/99 1:02 pm... STAR TELECOM (STRX 12-7/8) UP 1-1/8, PRUDENTIAL INITIATES COVERAGE WITH STRONG BUY... Analyst Guy Woodlief tells salesforce co. US-based international long distance wholesale co. providing capacity for smaller carriers... Says STRX is gross margin expansion story which he expects will grow from 14% to 19% in '99, to 21% by year-end '00... Expects co.'s retail business to expand significantly, eventually represent most of overall revenues... Sees $0.32 '98 EPS, $0.38 '99, $0.86 '00... Feels strong buy rating appropriate with expectation of explosive EPS growth for next two years... Has $22 target./B.Brodie