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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: jay chen who wrote (1728)	7/17/1997 11:57:00 PM
From: VALUESPEC	of 1836

BTGI reported terrible earnings (again) for the Q ended June 30. They made .03 per share vs .12 for the same Q last year. Analsysts expected about .15 . Last Q (March 31), they reported a loss of about -.05 per share. That was a complete surprise and the stock went from $ 15 to about $ 9. I made out very well as the stock bouced almost straight up to $ 12, then paused, and then went up to $ 16. This makes two bad quarters in a row. The next two quarters, however, are the company's best. They should still make .40 + this year. It closed today @ $ 13 Bid $ 13.50 Ask. I don't know how low it will go, but if it goes to $ 6 or so, I will buy a lot. Maybe I'll get lucky again. I doubt I would buy if it only drops to $9 this time. I'll let someone else take it. I just missed the short covering rally on CUBE a month or so ago. I could have made some nice money. I missed it by about 1 hr !

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