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Technology Stocks : Aspect Telecommunications (ASPT) -- Ignore unavailable to you. Want to Upgrade?


To: JAPG who wrote (839)3/25/1999 3:12:00 PM
From: corporal spewchunks  Read Replies (2) | Respond to of 2018
 
Thanks for the info from H&Q. Before the Normandy landing in WWII, the Americans engaged in an elaborate ruse to make Hitler think the attack was going to come in the Pas de Calais area which is north of Normandy. They did it by massing rubber mockups of trucks, tanks etc. in areas of England that would make it sensible to think the attack would be the Pas de Calais. What does this have to do with ASPT? Unless those are rubber cars and the numbers are made up, I think the market has been fooled by its own analysis. Just like the Germans were. This stock is a steal at present prices. I've been adding to my already big position almost every day. I'm becoming a one stock guy but these prices are too compelling. When the shorts are forced to cover, as they will be soon since many will want to be out before the 4/14 conference call, the move on the upside will be exaggerated. I'm already seeing signs of it today. The market makers worked through an order of about 100,000 shares to buy at 6 1/2. Nobody was willing to provide that much stock by selling short so they just pieced the order together over 4 hours or so. Some little public guys probably sold when the bid narrowed to 1/16, sometimes even 1/32. Depending on the general news and the market overall, I am guessing that short covering may start tomorrow so people don't go home short over the weekend. On the other hand, they may be counting on having another 2 weeks before any news.