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Technology Stocks : Corel Corp.

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To: Irv Paton who wrote (494)	6/3/1997 4:45:00 PM
From: A. Hayer	of 9798

Earnings estimate revisions are likely to be followed by similar revisions. Sometimes analysts change their minds. They revise their guesses upwards or downwards. These changes are called earnings estimates revisions. They tend to run in streaks. Maybe analysts are a cautious, conservative bunch--or maybe they just don't want to admit that their original estimates were far off the mark. At any rate one upward earnings estimate revision is likely to be followed by more. A downward revision will likely also be followed by further downward revisions. So it makes sense to buy into a company when analysts begin to revise their earnings estimates upward, and it makes sense to sell when they begin to revise downward. But it doesn't make sense to buy on the first price drop after a negative revision. The cockroach effect assures us that more such revisions will follow. The above excerpts are from the following article worth.com ----------------- ah

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