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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: majormember who wrote (4399)10/23/1998 12:45:00 AM
From: Tom Murphy  Read Replies (1) of 18998
 
Had to be a fund that stuck with them...it opened at $16 immediately went up...touched $17 1/4 twice but had support both times then ran from there to $19 in the last hour. I can't figure it out. Revenues falling every quarter....fell 66% this quarter..Margins almost disappeared. It was not a pretty report. I have seen a lot of stocks lose 30 to 50% of their market cap in a day for far less.
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