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Biotech / Medical : Theragenics (TGX) on the up and up
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To: sport who wrote (1011)7/24/1998 12:17:00 AM
From: Ron Kline  Read Replies (1) of 1055
 
All those comments about what Christine (sorry) would say are fine and dandy but you need to realize that when a stock is going down like it did, there is little a CEO can do. If she put out all those announcements you said, it shows that management is doing anything to prop up their stock. It just will not last. The analysts figured out the earnings now and future, and price the stock accordingly as of last week. Stocks just don't break moving averages and race back to new highs with a supposed "good announcement". As far as all those statements you mentioned, a CEO needs to word announcements correctly and act professional. You think she is going to come out an rag on an analyst. Be Real. To say "Gee I don't know why my stock went down 50%" is going to help. If anything those kinds of statements bring more doubt to shareholders. To think that a CEO is able or suppose to protect you from your personal losses is naive. Best thing to do is see the news they release and decide if you still want to own the stock. If you think management is faulty and bad then get out. I personally have talked to IR and followed the company and I believe in what they say, and am convinced that they have done all they have said they were going to do. Instead of blame on "Chris" you need to take responsibility that all stocks can be volatile and risky and it's not the responsibility of management to protect you from that. I've seen nothing they have said or done that would tell me they are responsible for the decline.
Ron
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