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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (24472)	12/20/1999 9:05:00 AM
From: Wes Stevens	Read Replies (1) \| Respond to of 56535

In the this market is just stupid catagory - find the good news here that is making rhat gap this morning: 08:41 ET Red Hat (RHAT) 252 7/8: Company misses earnings by a penny; reporting a loss of $0.05 versus First Call mean of -$0.04. Sequential revenues grow 24% to $5.4 mln, and company announces a secondary offering. Stock nevertheless trading up to 263 pre-market on news of a 2-1 split. ________________________________________________ They miss and revenues grow by only 24%. If they can only grow them 24% when they are this low what is going to happen when they start making real money - if they ever do. I don't blame them on the secondary. Want to bet part comes from shares that are restricted??? Too bad there are not options on this pig.