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Technology Stocks : Cornerstone Imaging (CRNR)
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To: Mark A. Stang who wrote (145)4/16/1997 9:38:00 AM
From: tobin sears   of 430
 
Mark, First Call's representation of CRNRs oustanding performance was definetly undermined by the presentation. I don't know if it is because their trailing P/E is negative, which would give the N/A, or what, but it is unjustified in the sense that the purpose of the presentation is to show the top earnings surprises. The letter to CRNR IR sounds great. I would appreciate it if you could post their e-mail address when you get the info. As you commented, yesterday's performance was probably good, good in the sense that we aren't seeing the usual spike and trickledown thereafter(I hope). We have perhaps landed a solid base to build upon. Also, looking at the intraday graph, it seems that perhaps some wealthy individual(s) or perhaps some institutional buying took place in the first hour or two. After that, things just looked rather routine--small buys and sells here and there. We'll see what today brings.
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