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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: gdichaz who wrote (5950)	9/3/1999 9:18:00 PM
From: Uncle Frank	Respond to of 54805

>> To try to clarify. I was just looking for a general explanation of a puzzling situation re the Q. I expected a better bounce once the market started up again. Cha2, I think I'll let a snippet from Greg Powers post this evening answer your question: I find it remarkable that the stock could be hit so hard by an analyst's comment that so much reflected the third quarter press release. It seems apparent that many pure momentum timers have barrelled into the stock, simply extrapolating last quarter's degree of outperformance on their spreadsheet. They, of course, are likely to be whipsawed by the calendar fourth quarter results. From a big picture perspective, it's healthy to let a little air out of the balloon. The stock couldn't keep going up ten points a day indefinitely...and its better that management kept expectations from running ahead of internal realities. The only people damaged by management's prudence are those haven't taken the time to understand, or those with a time line shorter than their nose.