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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (82492)7/21/2000 2:27:31 PM
From: Dave Feldman  Read Replies (1) of 132070
 
Michael and all,

Just to show that not only momentum players can get creamed. I just got whacked by WAC. It's sort of tough when an apparel company decides to lower it's yearly earnings estimate, by, oh, 80% or so without any other guidance.

Leon Cooperman owns 7% of Warnaco and methinks that even her handpicked board is going to be under a lot of pressure to de-Leslie this sucker.

I did get in at 5-1/2, so it could have been worse, but even low-priced stocks have a way of working lower.
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