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Technology Stocks : Manugistics, Inc. (MANU)
MANU 17.34+2.1%Feb 6 9:30 AM EST

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To: Big Sky who wrote (639)5/23/1998 2:19:00 PM
From: Tom Hua  Read Replies (1) of 1670
 
Steve, the drops in RMDY and CLFY that you mentioned weren't the first hits they suffered. As I recall from memory, RMDY tumbled from the 30s to 20s in 1 day when the warning first came out. It continued to drift down and then took another big hit from 19 to 12 3/4 on the date the actual earnings (still earnings, not losses like MANU) were released.

CLFY took several stepwise declines from 52 before bottoming at 6.

INFR had the same pattern, from 20s to 4.

ATEA was hammered from 23 to 8 in 1 day, only to see more declines and never recovered. Currently, at < 3.

These were all high flying software companies in a "hot" and fast growing sector. Once they are no longer street darlings, watch out below. I'm sure at some point, MANU will be a value play, but IMO, it's not there yet.

Regards,

Tom
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