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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: Clint E. who wrote (17341)	7/29/1998 4:42:00 AM
From: Johnny Canuck	Read Replies (1) of 68173

Clint, What are your current views on the ERP sector. >>Dataworks Corp. (DWRX) 8 1/16 -9/16: developer of >>ERP software reports Q2 net of $0.06 a >> share, a penny below the First Call mean >>of $0.07 a share. Company says results consistent >>with preliminary earnings release on July 16. >>DWRX earned $0.10 in the yr-ago period; company >> expects margin pressure to continue into Q3 >>and Q4; see press release for earnings details... Management on ITWO conference call seemed at a loss to explain MANU weakness. Same with the MANU manangement as far as I remember. I don't have note from these CC. That was one of the reasons for guiding forward estimates down. There is a market dynamic at work here that is getting missed. Harry

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