Bosco, There is no company sponsored press release out on the wires saying the third quarter is more "back-loaded" than usual. The company has therefore selectively disclosed this information to analysts and fund managers. The scenario I offered in the prior post is merely a psychological interpretation of the events surrounding the share price collapse.
Allaire (ALLR: news, msgs) sank 16 percent on revenue concerns,
according to FAC Equities analyst Damian Rinaldi. "They have indicated
to analysts that the third quarter is tracking along with their internal plans,
which is ahead of my $36 million estimate, but the period appears to be
more back-loaded than usual," Rinaldi told CBS MarketWatch. "Skittish
investors seem to be selling in light of the absence of news." He added
that institutions, which may have been hoping for blowout results, may be
thrown by the company's caution. "Our checks indicate demand from
Allaire's core clients remains strong," he said. "But my sense is that
institutions looking for an upside surprise may not get it." Allaire's volume
was at 4.6 million shares, well above its daily average of 810,200. A First
Call survey of 8 analysts put the company's third-quarter profit at 7 cents
a share. Representatives of the Newton, Mass., provider of Web site
development software weren't immediately available for comment. Allaire
shares fell $3.25 to $17.50.
cbs.marketwatch.com
The only danger here was owning ALLR the past few weeks while the company was engaged in selective disclosure.
gregg |
