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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: jolox who wrote (10840)8/7/2002 3:11:29 PM
From: Dave Gore  Read Replies (3) of 16631
 
CCRN? ---- Well it sure looks to be an overreaction after they beat expectations and confirmed guidance? Do you have any ideas why it tanked so bad? Certainly the Manpower news has a bearing but this is a medical field staffing specialist.

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Cross Country (CCRN: news, chart, profile) fell more than 30 percent in early action despite topping analysts' expectations for its quarterly results, and maintaining its outlook for the year. After Tuesday's closing bell, the Boca Raton, Fla., provider of healthcare staffing services reported second-quarter earnings before discontinued operations of $8.5 million, or 25 cents a share, a penny ahead of Wall Street's consensus estimate. The company wasn't immediately available for comment on the drop in its stock price.
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