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Technology Stocks : ATI Technologies in 1997 (T.ATY) -- Ignore unavailable to you. Want to Upgrade?

To: zakaran who wrote (4004)	8/31/1999 11:31:00 PM
From: Bid daddy	Read Replies (1) \| Respond to of 5927

I second that! With all that volume and price not rising much, I should have waited. I got sucked in. My fault, but after months in this range I thought it was safe to come out. BID daddy

To: zakaran who wrote (4004)	9/1/1999 8:02:00 AM
From: SBHX	Read Replies (1) \| Respond to of 5927

The funny thing is that, if one looks closely at the dollar volume, it is immaterial compared to ATY's total revenue. We are talking less than 4% of sales. The market alone grows by at least 10% a yr. I doubt if anyone who looks at this single info alone will conclude that this was going to happen, their surge in mobile chips will more than make up for this one loss. Hence, something else must have happened --- probably more rumours, or some very smart short-seller(s) just made a big killing. I did not buy more tuesday because I couldn't figure out if there was something else. If the press release is to be believed, Q4 is on track, this optiplex line, while nice to have, is probably lower in $ amount than many of ATY's other design wins. As marc so eloquently points out with AAPL. The first assumption is that they can't meet Q4, tuesday was last day of Q4, so the accountants have the numbers. But again their press release firmly stated that they are on track to meet Q4. (When they're on track, historically it meant they exceed by 2c or more. Will that happen again?). I can't think of another case where a company consistently grows earnings by >>20% for 8 quarters and still trades with a P/E of 14.288 with strong volume. If they don't recover by end of the week, I'd start to look carefully for anything else that we missed. If their next earnings were good and the stock recovers to the yr highs, then this is another mystery about this stock : why is it so susceptible to rumours?