Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Judy who wrote (14198)	9/8/1998 7:11:00 PM
From: j g cordes	Read Replies (1) of 120523

While the market melted up today this stock got crushed on seemingly less than lethal news.. "Managed healthcare and insurance services outsourcer Concentra Managed Care (Nasdaq:CCMC - news) blew up and lost $6 3/32, or 50%, to $6 3/32 after the company said it anticipates lower-than-expected Q3 revenues of $160 million and EPS of $0.29, compared with analysts' estimates of $169 million and $0.34, respectively. The company also expects its full-year EPS to be $0.10 below the current Zacks mean estimate of $1.12..." There must have been a short sellers feeding fest on this one. I bought a few shares on fundamentals...

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