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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?


To: Susan G who wrote (949)1/2/2001 10:11:48 PM
From: Connor26  Respond to of 5732
 
Efficient Networks (EFNT: news, msgs) shares fell 30 percent after warning investors that its second-quarter revenue will be lower than expected.

Efficient Networks said it expects second-quarter revenue of $100 million to $102 million after two key customers didn't place anticipated orders during the quarter. See full story.

Analysts surveyed by First Call expected revenue of $151 million with earnings of 12 cents a share, on average.

According to a company statement, Efficient is still working with these customers on future requirements. Actual results will be reported on Jan. 18.

Efficient Networks shares reopened from a trading halt and sank $4.31 to $8 on Island after closing down $1.94 to $12.31.



To: Susan G who wrote (949)1/2/2001 10:17:25 PM
From: Connor26  Read Replies (2) | Respond to of 5732
 
on the XOCharts, type in BEAS and get this error:
Microsoft VBScript runtime error '800a003e'
Input past end of file
other symbols work - so i interpret this to mean BEAS sank so low its not even on the chart!



To: Susan G who wrote (949)1/3/2001 2:22:14 AM
From: .Trev  Respond to of 5732
 
Thanks, that confirms what I was tinking. I picked up a comment a few weeks back about it closing below the EMA 95 (I think) on the weekly. Then it just kept on closing low each week for a total of 8 weeks. They seemed to think it was stronly indicative of something. I guess we're about to find out, as even I can see the coming test, now.

Be careful.......I said that already, sorry