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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Nick who wrote (8744)10/19/2000 11:44:27 AM
From: Sully-  Read Replies (1) | Respond to of 65232
 
Nick,

What ticks me off is that all Reuters did was change the wording regarding the 2¢ earning miss to beating estimates by 2¢. What a crock of crap!

They repeatedly reported that EXTR was being mauled because they missed by 2¢, then they CORRECT??? the story by changing it to EXTR being mauled because they beat estimates by 2¢ a day later!!!!!!!

Is that an appropriate correction? Bottom line is that folks reading the first 30 erroneous reports either sold or shorted on the news. Now Reuters makes it look like the selling all along was due to only beating estimated by 2¢.

That is a real load of crap IMVHO!

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