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To: StockDon who wrote (441)7/26/2000 5:49:07 PM
From: Peace  Read Replies (2) | Respond to of 2404
 
Stockdon,

Welcome to SI. I didn't see anything worrisome in the earnings results or cc. I was extremely surprised by the market reaction (I am not talking about being down). We barely traded 478K shares a bit above average volume. It seems the institutional investors mostly ignored aware today. We got a block trade of 25K at 49 1/2 10 mins before the close and another 10K at 49 after the close. Certainly the big holders were not disappointed by the report or we would have seen selling with heavier volume. On the other hand the overall market was terrible so it is possible that the big guys were hesitant committing any new money (that is assuming they liked the numbers and wanted to buy). Anyway, We need to see at least a million share day before we can conclude how the earnings were perceived.

Easy on Bobo. Every one is entitled to their opinion. Thats what makes a market. Eventually every investor (short or long) does find out whether they were on the right side of the trade. Also, various investors have different trading styles. For a daytrader, today was certainly a good day to short at the open and cover midday. I do disagree with his long term outlook on the company.

Peace