JAKKS Pacific (JAKK) Message Board

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Non-Tech : JAKKS Pacific (JAKK)

JAKK 16.84

0.0%

9:36 AM EST

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To: JakeStraw who wrote (296)	2/16/2000 4:17:00 PM
From: Bruce A. Brotnov	Read Replies (1) of 371

Jake, I think it was selling on the news and locking in profit. When I first saw this am it looked like I might want to add more, but when I posted in my database and compared to the 4 prior quarters, I noticed that earnings were great (.49 vs .29 est in Zacks) but revenues over the previous quarter had slowed down. Since internet mania there seems to be more attention to revenues than earnings, and revenue momentum in particular. What I saw was a choice of a glass 1/2 full or 1/2 empty and the street took the latter, looking for negative and excuses to sell rather than excuses to buy, esp. in this market. Long term I thing we'll still have a good stock here in JAKK. It has a habit of going the opposite way of expectation. May have been some sell off today in S&P 600 index as another possibility since JAKK is also a new addition to this index. We'll have to wait for another day. Bruce

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