Avid Technology Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Avid Technology

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Veltheer who wrote (243)	5/13/1997 2:55:00 PM
From: Vanni Resta	of 777

Good face off between earnings revision and technical analysis. (I know, I know, technical analysis is supposed to reveal the fundamentals which are then reflected in the earnings revisions.) If I knew why Pru downgraded and that it was only because their price target was met, I would go out on a limb and say there is no way this stock goes below $19 in the next four weeks, barring bad news for the stock or the market overall (in other words, knowing what we know now). Still, I will say there is a 60% chance it will stay above that level. Now let's just wait and see who is right. Shall we agree to give it four weeks? Any new downgrades in estimates or recommendations, though, and I withdraw my forecast. Happy investing! Vanni

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next