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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: researchisgood who wrote (66967)	1/25/2000 10:42:00 PM
From: westpacific	Respond to of 108040

ASDS - hit blindside by a truck. No indication that this was coming. The action this AM was no time to sell, at this point the company gave some indication of earnings in the press release and looks like it is worth waiting until these are released in Feb. At this price we will and with the news expect volatility near term, shorters will be all over this and also with the new low price lots of traders in and out. The clients that they lost are not significant if they can show new client gains, sometimes a smaller account is more work to service than going after bigger fish. Honeybaked Hams of Georgia is not the kind of client that drives share price. Management needs to rebuild both analyst and investor confidence, they had no choice but to downgrade to save face - this is not good as they seem to have also been blindsided. In addition with the market weakness management picked a hell of a time to post news (10th worst day in Nas. history). So in summary, hold until earnings or additional news and then evaluate from there. Mgmt. has two strikes, one more and it is over for them. To sell on negative news is not always the best play, give it time to settle and don't listen to chat threads as shorters, burned longs etc. will just be crying!