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Technology Stocks : Manugistics, Inc. (MANU)
MANU 17.34+2.1%Feb 6 9:30 AM EST

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To: Cheng Xu who wrote (630)5/24/1998 11:19:00 AM
From: charger  Read Replies (2) of 1670
 
Big mistake on behalf of CEO not to take questions. If you ask me, this is what really whacked the stock on Friday. Sure, the news was bad, but investors make decisions based on information and when they couldn't get any, they panicked. Guess there wasn't much to say beyond the fact that management screwed up big time...if they're lucky, strong sector growth will bail them out of this jam. If this quarter is an isolated event, this should be a great buying opportunity...like a hiccup after a big meal. If they tack on another one, this stock is toast. I for one am a believer in gaps being filled more often than not, and while I don't expect this one to be filled near term, long term should play out. The market is behaving as if the company's long term growth prospects have been severely wounded. More than likely this is an overreaction, but CEO had to be punished.
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