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Microcap & Penny Stocks : Teletek: Big Earnings About To Be Posted
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To: Roger Brown who wrote (37)1/24/1996 5:05:00 PM
From: Kunal Singh   of 1014
 
In my experience it takes a while for the earnings to sink in
depending on how well-watched the stock is.

I also owned Western Digital. When they announced their earnings for
the quarter ending in December, it was above expectations. The next
day the stock took a dive! I couldn't understand it. Generally,
if the stock earnings at least meet the analysts expectations, it
does well particularly in a fearful market like the one in January.
Anyway, it took a whole week, until some analyst finally decided to
revise the earnings estimate for WDC for the stock to take off. And
then it flew from 17 to 19 3/4 in a single day.

I think the market takes time to take note of stocks which are not
as well followed. This would specially be the case for Teletek.
Let's hope they notice some time!
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