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Technology Stocks : Primus Telecommunications

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To: IMATR8R2 who wrote (77)5/6/1998 5:59:00 PM
From: TERPJIM  Read Replies (2) of 124
 
I have a buy order at $19 1/2. During Market dips Primus takes
a big hit only to rebound easily. If you have faith the market
will be strong, I'd buy Primus on a dip. Otherwise, I'd wait
to see if interest rates go down first. Primus does'nt react
well to bears. Bottom line: I have faith in Primus over the short
term and long term, but expecting a bear market late this year-so not
the intermediate term.

Anyone have thoughts on why the stock reacts extra-poorly to bearish market news?

Jim
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