Command Systems, Inc. (CMND) Message Board

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Technology Stocks : Command Systems, Inc. (CMND)

CMND 0.155

0.0%

Nov 28 9:30 AM EST

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To: P. Ramamoorthy who wrote (452)	5/1/1998 2:42:00 PM
From: Jeffrey E. Klein	Read Replies (3) of 1956

Ram, I could see why market slaughtered the stock the day after earnings were reported. The reasons seem obvious: Considering the fact that they were an IPO and a positive first impression is imperative, they failed to meet the earnings estimates of $.06. Maybe they could have stated the results differently and met the estimates. Another significant thing is the warning about variations in revenues and profits in coming quarters. Another great way to introduce yourself to the public. Also, we all know about the downgrades the same day. Think about these negatives and who wouldn't be looking to exit right away. I wanted to exit myself early on the first day but couldn't get out without a major loss. I don't know who could have gotten out on the first day after earnings were reported without suffering major losses. Perhaps selling was done before earnings were announced. Does anyone know if the underwriters are restricted in their selling practices? I am pretty sure that the insiders are. Jeff

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