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Strategies & Market Trends : 50% Gains Investing

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To: JAG who wrote (339)12/12/1997 8:52:00 AM
From: Dale BakerRead Replies (1) of 118717
 
Here's a lesson on how quickly a high flier can blow up on bad earnings warnings:

08:28 ET Electronics For Imaging (EFII) 39: Investors are ready to bail on this color servers printing stk after the company said it sees Q4 earnings of only $0.06 a share vs the $0.49 analysts were expecting. EFII blames the expected shortfall of 88% on delays in purchases associated with product transitions, aggressive reductions of inventory by its customers and weakness in the Asian economies. Stk currently indicated at $15, down 61.5%.

Portfolio update: out of QNTM now until the whole DD sector gets its act together; stopped out of ATLPA - chart is showing weakness; sold IBM and HWP to clean out my large cap high tech portfolio; covering BBTK short at a nice profit today. Still holding CDRD and ZITL short with stops in case they bounce back.

Good luck all.
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