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Technology Stocks : WCOM
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To: VFD who wrote (5438)12/1/1999 2:58:00 PM
From: JDN  Read Replies (1) of 11568
 
Dear VFD: I just spoke to my broker here is the cause. One analyst (I forgot name already) had the REVENUE growth at 16% and lowered it to 14 1/2% today--HOWEVER the consensus estimate for Revenue growth has always been 15%. My broker thinks the market has overreacted to this one analyst change which basically just brought him into line with the others. So, to make a long story short I just put in an order for some more at 77. Had I known this earlier could have gotten it. Now, will just wait and see. But, like you, the way this stock is behaving I will not chase it. JDN
PS:the broker DID NOT lower the earnings estimate at all only the revenue growwth.
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