Mark,
Now that earnings have been preannounced, won't there have to be a big
surprise (beat estimates by a lot) in the real announcement to have any
effect on the stock price?
Yes and no. Even till last week, ws was very unforgiving on earnings.
That's already built in almost all tech stocks lately. But now ws is
chaning its attitude, "Well, close enough unless you missed by miles!
Job well done if you met ......" ei, MOT missed by 3 cents and first
half '98 won't be rosy due to Asia. Yet, ws likes higher rev than last
year. "You did good job under present conditon & 'll be better than
any other stock or bond." So it's up 1 1/4+ today.
Yocam's preannouncement easied ws' fear about "missed by
miles." So, "Well, that's close enough for me."
Aren't we now waiting for the next big announcement (VSGN done deal,
major product release BCB3, Q1 results) before we see much increase
in the stock price?
VSGN is already built in. We'll see much bigger jump in small caps
than large caps in '98! All those cash sitting in the money market
and funds have to go some where - value, small cap with 20+% growth.
Time to accumulate BORL at this price.
regards,
BPP |
