Transmeta (TMTA)-The Monster That Could Slay Intel Message Board

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Technology Stocks : Transmeta (TMTA)-The Monster That Could Slay Intel

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To: The Tower who wrote (399)	6/21/2001 3:52:16 PM
From: Bill Fischofer	Read Replies (2) of 421

No. The reason for the severity of the punishment is that TMTA reaffirmed guidance barely a week ago. They've suffered a huge hit to their credibility which will take some time to rebuild. Blindsiding the pros like this is one of the cardinal sins on Wall Street. Beyond getting the leper treatment from institutions for the next few quarters, when a stock is slashed like this the margin calls typically follow shortly thereafter. My guess is that there is a decent chance you'll be able to pick up shares below 5 before this is over. My plan is to watch how things settle out over the next few days and then start nibbling later in the Summer. There's just no urgency here.

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