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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (36086)4/20/2001 8:57:22 AM
From: abstract  Read Replies (2) of 65232
 
speaking of sandbagging:

i've heard about at least one company that is managing expectations.

to wit

it barely met 1st quarter estimates and is in fact postponing "accurate" income reporting until the 2nd quarter.

i have also heard that this company has already met 2nd quarter estimates.

furthermore, based on "income" reported for the first quarter, speculators are shorting this stock because, extrapolating from 1st quarter results, they "know" this stock will tank during the 2nd quarter.

ha

gives new meaning to the term royal flush
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