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Technology Stocks : CGRM Centigram
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To: David R who wrote (174)8/27/1997 10:42:00 PM
From: Red Dragon   of 333
 
I'm not sure what will happen tomorrow. Those investors who like earnings momentum will continue to ignore CGRM. But it might catch people's attention as a company that "beat" estimates. Those that like value and turnarounds may look closer. (my quote yesterday)

Wow, what a move today. Sure enough, on an I/B/E/S list of companies that recently reported earnings, Centrigram was number one in "beating" estimates. Nice volume today, too.

Now CGRM will show up on a list as "biggest price gainers" on the NASDAQ. Nothing like publicity to help a stock.

I think value investors, hungry for cheap, small stocks in a market dominated by overvalued big caps, are sniffing a long awaited turnaround here...
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