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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 685.33+1.1%Jan 21 4:00 PM EST

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To: Suresh who wrote (15405)4/2/1998 9:11:00 AM
From: Clint E.  Read Replies (2) of 69925
 
Suresha, I am toast this morning. A classic pump & dump case.

Last time that I ran into something like this was in Jan 95 when I had ADBE and it dropped from 65 to 40 due to missing earnings. ADBE was raised to buy or strong buy a couple of days prior.

One lesson I learned from that was to diversify. So, it is not bad this time around.

Later;

Clint

08:37 ET Security Dynamics (SDTI) 42 1/2: Designer of network security products warns that it sees a Q1 shortfall. Puts Q1 operating net at $0.14 a share on revenues of $39 mln. SDTI shares indicated 13 1/4 pts, or 31% lower. According to Zacks, company was expected to earn $0.19 a share for the qtr.
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