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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (834)10/13/1999 7:10:00 PM
From: Plaything  Read Replies (1) of 19219
 
J.T., I did not do enough DD!
On Oct.1st CS First Boston and a bunch of other analysts lowered AAPL's estimates from .76 to .45, a nearly 40% cut! So today AAPL comes out with .51 and everyone thinks that they beat the estimates handily and that its such a fab play all of a sudden!! Sigh, I got suckered too, which just goes to show that earnings estimates are just that, estimates. If a company beats them it does not mean much till you look at recent history and the story derived from the growth numbers behind the earnings.
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