Omega Research (NASDAQ:OMGA) Message Board

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Technology Stocks : Omega Research (NASDAQ:OMGA)

OMGA 0.0195

-22.0%

Aug 5 9:30 AM EST

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To: HRAKA who wrote (217)	2/22/1999 10:56:00 PM
From: Fred Puppet	Read Replies (3) of 516

Agreed, after today there's nothing to support this stock. OMGA first started rising on the internet-financial tide. The momentum traders who bought it tried to keep things going with rumors of a buyout, rumors of blowout earnings, and general hype about the product release on 22 February. When the rumors turned out to be false, a lot of people held their shares hoping for something miraculous to happen on 22 February. It's amazing how long hope can support an overpriced stock, so long as enough people believe. Whenever investors pin their hopes on a specific date, the stock usually peaks a day or two before that date. Now, after the great day, there's nothing left on which the believers can rest their hopes. Annual EPS of $0.10 just doesn't cut it.

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