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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: martin001 who wrote (1565)1/12/2001 10:04:42 AM
From: Dave Gore  Read Replies (1) of 6445
 
ARBA very disappointing for me and got stopped out after the open for a small loss. Five analyst downgrades after they soundly beat expectations seems wrong to me, but there they are. Where were these downgrades prior to the earnings? I mean if you soundly beat and the stock falls, that means to me that these analysts thought it was overpriced and should have downgraded earlier based on valuation. If a company beats and falls, then investors have very little chance. I mistrust analysts even more.

Some are saying ARBA has a high PE (about 130 based on FY2001 earnings), and that's true, but what does that say about where JNPR or others are trading....lol!? I mean, ARBA has had over 600% annual growth.
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