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Non-Tech : LABOR READY (LWR) THE NEXT MANPOWER.
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To: Jon Tara who wrote (227)8/21/1998 4:54:00 AM
From: Daniel Levy  Read Replies (1) of 455
 
Discussion is interesting to date.

Cabot still likes this stock, but he has stayed too long with several other losers.

I tend to agree with the interpretation that stock was being shorted too heavily, and with all the positive news coming out on recent sales growth, some very powerful people wanted out of their tenuous positions. (Unfortunately, I think the market is quite corrupt in this way.)

If I'm correct, stock should hit back to 30 within 4-5 days. If I'm wrong, and management is lying about the "accounting problems", their reassuring statements and the conference call have defined the basis of a class-action suit.
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