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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.70

-0.3%

4:00 PM EST

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To: Tiley who wrote (17995)	10/12/1998 9:56:00 PM
From: Clint E.	Read Replies (2) of 68783

Manish, I looked over NVLS. Lower sales, lower income, with no promise of an immediate turnaround. The stock was so beaten down that talk of "aggressive cost control measures" and mention of customer interest in their copper technology were enough to lift its price by ~25%. Same post-earnings reaction as MOT. Both deserved the pop, IMO. Somebody should keep track of how many times this phrase is repeated in almost each and every earnings report this quarter: "cost reduction measures". They should make an acronym for it! Clint

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