Craig:
The following maybe is the reason why BAY went up but ROK went down on bad news:
Short interest BAY from 2/20 5,381,175 up 50% to 3/19 8,119,091
short interest ROK from 2/20 2,731,939 down 14.6% to 2,331,763
Short-sellers were right about BAY but sellers were on strike and mutual funds were looking for bargains, so BAY went up. However, ROK was really a surprise. Now the real question: Is recent 3COM's price weakness due to short-sellers pushing them? If that is true, 3COM's earning announcement will be a no-lose situation. Even you are right about 3COM's problem, so what? It won't go down just like BAY.
Lin |
