<< Maybe you shouldn't always believe what the analyst say without giving it the common sense test. >>
If you went back over my notes, you'd see that I've always questioned the .84 estimate. It might help your common sense, a little, if you put your mind in gear, before your mouth. You'll also see that I felt we could see a pullback to $14, prior to a possible rally.
We are beating an unimportant point to death, but....... What I had said should be pretty easy for most people to understand, common sense or not.
I had pondered that the very, very small, itsy bitsy, teenie weenie, "kneejerk" reaction, this morning, might've been caused by H&Q's lowering of earnings and revenues for 1999. Contrary to how your particular kind of common sense works, it can't be ruled out that a very tiny number of investors saw the downgrade and reacted. It happens all the time. Investors see bad news on Zacks, and then react without doing hours of research.
But, it is such a small, unimportant issue, I'm surprised that I have taken this much time to try and explain it to you. By the way, I am envious of you, and your unique brand of common sense.
Good luck to you, Bob |
