LABOR READY (LWR) THE NEXT MANPOWER. Message Board

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Non-Tech : LABOR READY (LWR) THE NEXT MANPOWER.

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To: Cosmo Daisey who wrote (310)	9/4/1998 10:52:00 PM
From: Mike M	Read Replies (1) of 455

<<Curious statement, their SEC filings indicate the Oct quarter isn't expected to be as strong.>> I think you are being a little obtuse, Coz, T2 was obviously referring to the current quarter, reported in October....furthermore, the "October quarter" only has to compare with last year's Oct quarter...and I suspect it will acquit itself well... <<Market mood? The price was in a decline based on fundamentals before the general market meltdown.>> Why do you have such a problem with the facts?...The S&P 500 began its decline on or about July 20...LBOR traded within a fraction of 40 on the 20th of July...the drop for the S&P and LBOR almost mirror each other (albeit not proportionally) until the day someone else with a problem w/ the truth decided to start a rumor....By that time this market was in a decided downtrend and enough stocks had already been taken out and shot that quick triggered managers weren't about to wait around to find out how true the rumor was...I suspect a lot of stop losses were triggered as well....Then of course Cabot sold out several days later...(OH, and what "fundamentals" was LBOR supposedly declining on?) << The jump following the decline was artificial because bargain hunters didn't research the company they just looked at it as a stock that was down because of the overall market.>> Sure they did...all 3M shares...That, and the fact that those fantastic August numbers came out that day...Did you poll these "bargain hunters?" Gives a guy plenty of confidence that shorts have no more depth of understanding than you do..... Mike

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