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Technology Stocks : Manugistics, Inc. (MANU)
MANU 15.86-1.0%Dec 26 9:30 AM EST

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To: Lizzie Tudor who wrote (806)7/22/1998 11:09:00 AM
From: Sonny  Read Replies (1) of 1670
 
Looks like its headed down first, before it'll go up. Imho, 4 reasons may be contributing to this: 1) Investors' perception via HWP warnings yesterday ... 9 quarters in a row ... less than expected ... businesses do take some real-time to recover! 2) CA - guilty by association - when street does not like you anymore ... they will use any excuse (Y2K, reaching their forecast target) ... to put the desirable-spin to pull you down ... investors afraid of the same with MANU ... even after possible OK earnings next quarter. 3) 50% advance from 20 to 30 in less than 2 months was too much to handle by most on the street ... normal profit taking. 4) R/R ratio (risk-to-reward) may not be felt great at 29 now, than it was at 21 earlier. Any comments?

regards to all,
-/Sonny.
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