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Technology Stocks : ACCL

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To: Fred Puppet who wrote (599)8/6/1997 12:37:00 PM
From: Paul Moerman   of 720
 
Before ACCL dropped to $5, people were more than happy (as I was) to pay more than $10, given the excellent growth report and future prospects. Then we had the warning, and the lower earnings report. The way I look at it, the bad news is behind us and the good news has begun. Is the good news over? Hardly! Once the numbers start coming in from the sales of ACCL's latest generation products, the growth rate will inspire people to buy this company all the way up to $20 and beyond over the next 6 months IMO. I'm long, as you might guess, even though I took some trading profits (from my purchases at $5) yesterday. I don't plan to sell my core position at current levels unless I believe the market is about to collapse (which wouldn't surprise me this September or October). In the meantime, good luck trying to jawbone your way out of a losing short position! <g>
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