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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: vagabond who wrote (10885)7/6/1999 5:24:00 PM
From: gladman  Read Replies (2) of 108040
 
Vagabond,

It's common for a selloff after earnings, in fact, the trend is for a significant selloff. Look at COMS, ADBE, PAYX etc... all surged 2 weeks prior to earnings and then sold off - this pattern plays out all the time, quarter after quarter.

NEON is a strong company with strong products, the selloff were the traders who got in for the earnings anticipation, NEON IMO will continue to do well, they're just not the flavor of the minute right now.

Dave
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