Dow Jones news wireA few stories from today...
Absolute Software Corp. (ABT.T, C$10.89,-C$0.86, -6.7%) posted a third-quarter loss of 3 Canadian cents ashare, unchanged from a year earlier. GMP lowered its target on thecompany, citing lower-anticipated-sales contracts in 2008 and 2009.
Absolute Software Tgt Cut To C$16.25 From C$18.25 By GMP >ABT.T
Aboslute Software Tgt Cut To C$21 From C$25 By Versant >ABT.T
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My take is todays early move down was overdone and I actually added to my position at $11.75 as the base was becoming quite evident. I remain bullish and expect a Scotia report tomorrow which I will post if possible.
SAR