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Technology Stocks : Data Return (DRTN)

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To: Marco Polo who wrote (10)11/20/1999 5:36:00 PM
From: Spaw  Read Replies (1) of 29
 
MP:
That's the most difficult part of holding a news driven stock.
Just how will the market react?
We have two factors at play here...
1) end of the quiet period is Monday, Nov.22
2) earnings are released on the same day

Many things could happen...
What is interesting about this is that the conference call is being held the NEXT morning at market open. That gives traders little time to digest any pertinent info produced in the call.
Additionally, DRTN's quarter ended in Sept., long before the IPO. What that tells us is that they most likely have good #s. A great thing about IPO stocks is that there can't be any "street Consensus" numbers to compare earnings to, as far as I know. Correct me if I'm wrong.
I wonder just when the analysts will begin pounding the table? I would think they would wait until after the conference call. It is also possible they will use the numbers and release their recs on Tuesday.
This is tricky...
My strategy will be to hold the shares I picked up at 19 all the way through (and I think for the long haul). I will dump the shares I picked up Friday at 32 on Monday at the close.
There is a potential for this thing to run in a HUGE way... look at Exodus. A monster stock, and the exact same biz as Data Return.

My $.02,
--spaw--
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