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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Joe Copia who wrote (19933)9/23/1999 2:37:00 PM
From: Investor Clouseau  Read Replies (3) | Respond to of 25711
 
position trade, MXWL been consolidating today, see inside;

To: Investor Clouseau (502 )
From: kendall harmon Wednesday, Sep 22 1999 4:38PM ET
Reply # of 505

MXWL--Excerpt from Dow Jones story:

<<"The selloff on Maxwell stock is a major overreaction," Maxwell Chief Executive Tom Horgan told analysts in a conference call. "The company will continue to sustain growth and have a profitable year."

Hambrecht & Quist's Arsenio said now that the stock has plunged, it appears to be oversold. "This company is worth more than $12 (a share)," he said.>>

So even the H and Q analyst who downgraded the stock today admits that the response was overdone.