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

To: corporal spewchunks who wrote (890)	4/14/1999 3:52:00 PM
From: Herschel Rubin	Read Replies (1) \| Respond to of 2018

My guess is that we'll have a pleasant surprise in the stock's response to the earnings announcement today. That's why I've been quietly accumulating big time in the past few days, buying discrete 1,000-4,000 share chunks in between the bid/ask as much as I can. My reasons for a pleasant upside are: 1. First and foremost, the insider buy by Vogelsang (one month ago) of $2,500,000 of ASPT at prices from $6.94 to $7.13. Vogelsang has been a Director of this company since 1985. HE KNOWS THIS COMPANY INSIDE AND OUT. To buy 375,000 shares is quite an endorsement. He increased his stake by at least 30%. Need I say more? 2. Institutionals have been on the sidelines, hesitant to wade into ASPT until fundamentals are more clear. We are at $7 today because of heavy institutional selling, especially towards March 31 due to window dressing. (It looks like some institutionals were buying from other institutional sellers also because institutional ownership hasn't changed a lot, but the volume of selling during this gradual decline was indeed indicitive of institutional selling). ASPT has languished at these price levels since the window dressing period because NOBODY WANTS TO TOUCH IT until things are more clear. After today, all investors and institutions will have the latest status on the company. 3. Most investors/institutions have been expecting the worst, so we'll see a RELIEF RALLY tomorrow morning if earnings SIMPLY COME IN AS EXPECTED (-0.9 to -0.10) and the forward-looking statements contain NO NEW BAD PROGNOSES like last QTR. A relief rally will float the stock up to $8 easily. If earnings beat expectations AND there are positive forward-looking statments, we'll go back up to $9 or $10 or $11, which is where we should have been all along if it weren't for the March Quarter-end window dressing. Good luck to all!