Cable Car Beverage (DRNK) Message Board

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Non-Tech : Cable Car Beverage (DRNK)

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To: Khris Vogel who wrote (131)	6/11/1997 2:46:00 AM
From: INVESTOR	of 284

DRNK looks like it should rebound tomorrow as it kissed its upward trending 21 day moving average today which oftentimes serves as support. Stock decline of last 2 days appears to be herd instinct as I can find no bad recent news about the company of any kind and the earnings projections in s&p reports look solid and have a growth rate much above the stock's current p/e..even higher now given the recent decline [buy opportunity?]. What is interesting is that that probably overpaid analyst had a buy rating on this stock last week when it was at about the same price it is now..but then he reduced it to 'hold' because he thought the price had gone up enough [according to wire article]. So..does he change his 'analysis' back to what it was before since fundamentals haven't changed ?.. probably not..which tells me those analyst rating are a lot of crap..excuse my language. INVESTOR

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