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TASER International Inc. Message Board

  • flapjacker69 flapjacker69 Jul 6, 2004 8:04 AM Flag


    NEW YORK (Dow Jones)--Evidently the bearish analysts who were gunning for
    Taser International Inc. (TASR) a couple of months ago have shot themselves in
    the foot - or, I should say, "feet."
    At least it seemed to me early in May that quite a few analysts were down on
    Taser, maker of stun guns for law-enforcement agencies. The cited reason
    seemed to be lack of prospects for expansion.
    But the stock has nearly doubled since hitting an early-June low, and it
    could gain nearly $30 more if the trend is extended.
    And that's one of those proverbial "big ifs."
    On May 7, when Taser was trading near $30.50, I agreed, for purely technical
    reasons, that the outlook was gloomy. I said the stock was vulnerable to a
    selloff to $10.79 - $10.23 target support perhaps by late June. But the column
    also pointed out a potential "bounce point" at $24.69.
    Some bounce.

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