The Art of Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Art of Investing

PICK 47.48

+1.1%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Wren who wrote (564)	3/13/1999 9:56:00 AM
From: kendall harmon	of 10653

Oliver I am going to post Cramer's column and my response. Here is one reason for the panic selling in RAD yesterday, this column by James Cramer of thestreet.com posted at 1:17 Friday afternoon. Sunbeam (SOC:NYSE), Cendant (CD:NYSE) and now Rite Aid (RAD:NYSE)? Sure looks like it. Analysts had been in constant contact with this company and business was supposed to be rocking! Normally I am all over these delayed opening gaps down. But not when they concern accounting problems, and this one is a doozy of accounting problems. Did the CEO just not have a clue when he guided analysts to rosy forecasts recently? I got enough problems with good companies. Who needs this headache? Funny, we are almost celebrating the anniversary of the Cendant news. This Rite Aid situation makes me almost nostalgic for that gaffing -- the largest of my career, by the way.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next