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Technology Stocks : ESST-the new beginning.

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To: Bexar who wrote (3354)4/30/2002 9:02:50 AM
From: Return to Sender  Read Replies (1) of 3493
 
And there it is... the other shoe. Obviously the fact that this story was to be run in the Wall Street Journal was leaked.

Yes the market has been brutal for technology stocks lately but when a stock like ESST beats expectations by 10 cents and raises its guidance for the upcoming quarter the stock should not fall like this one has been.

Nothing but good news and the stock falls like a rock? ESST has done little in the way of gaining investor favor lately despite being one of few technology stocks actually showing growing profits.

Clearly the story has been leaked and there has been manipulation going on.

The SEC should be contacted. The stock is down below 15 in the pre market. It will probably sell off and rebound some over the next couple of days but this really hurts. There is nothing in that story that I myself did not write here on this thread except that I see no signs yet that the demand for chips is slowing.

Why would they raise guidance if demand was slowing?

RtS
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