Today is a perfect example of what I said about the CA vs BMCS stock movement on Jan 14. Remember when BMCS announced all that good news about rebounding mainframe revenues? Well, BMCS skyrocketed, and CA went up about 1/2 that much. Well, today CA had it's good news (analyst citing renewed mainframe revenue rebound- see www2.marketwatch.com and was up 10% at today's high. Yet, BMCS closes down marginally. Go figure! BMCS should be going up with CA, at least some!
Quote from the upgrade:
"McPeake noted that his original upgrade was based on what he saw as improved fundamentals in the mainframe software market following a positive pre-announcement from BMC Software (BMCS: news, msgs), which then followed up with better than expected results."
-John
From Jan 14 post - Side note -- idn't it funny how on the way down, when BMCS would announce bad news, it could go down mostly by itself fairly independent of CA. Yet, when BMCS announces good news and rebounding mainframe strength, CA goes up with it? Talk about fair weather friends. =-} I know there was *some* similarity in the downward moves, but not to the same degree as the upward moves. Man, BMCS needs to learn that trick! |
