JPM Co. (JPMX, formerly JPMC) Message Board

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Technology Stocks : JPM Co. (JPMX, formerly JPMC)

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To: Instock who wrote (148)	1/27/1998 6:30:00 PM
From: Roadkill	Read Replies (1) of 157

At this point, I'm not sure how profitable a short on JPMX would be. I normally like to short grossly overvalued stocks, and I shy away from shorting crushed tech stocks like this -- the market often reacts so violently that the best move is already gone (-40% today!). If you do go short, however, there shouldn't be too much downside. I doubt this woofer will go above 14 or 15 for quite some time, barring substantial news. One positive note (for longs) in the earnings report: revenue continues to grow at 18-20% despite the company's margin problems. Even next Q, revenue should be up in the high teens (I think 1Q '96 had about 24MM vs. projected ~30MM this year). Of course, much of this growth is due to the Denron acquisition. In any event, once these margin problems get resolved, it should be pretty easy to crank out some decent quarters. That may take quite a while, though. Best of luck. Matt

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