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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (11525)11/1/1999 4:14:00 PM
From: Norm Demers of 118717
 
USFS, here's the reason for the drop today:
--3:28 pm U.S. Franchise warn, share hit on heavy volume
U.S. Franchise (USFS: news, msgs) tumble 39.7 percent to 7 11/16. 2.3 million shares have traded, about 18 times what typically trades in a day. Although the company announced third-quarter results that met First Call estimates, it warned that, among other things, continuing increases in new room supply and rising interest rates are expected to negatively hit the bottom line

They started to come back near the close, expect a gap in the morning.
The stock was upgraded today as well. It didn't stop the panic selling. I'm hoping for at least 10% to 15% rebound tomorrow.

Here's their 10-Q:

biz.yahoo.com
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