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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (9603)	7/17/2002 3:20:47 PM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

ODOD recovery - WYE just broke back above $31. NOVN hits 11.55.

To: Dave Gore who wrote (9603)	7/17/2002 3:22:45 PM
From: hotlinktuna	Read Replies (1) \| Respond to of 16631

Dave look at PWR 3.27 +.50 at hod! Still to earn .45 to .55 :Tuesday July 2, 6:43 pm Eastern Time Reuters Company News Quanta Services slides 68 pct after warning (Updates first paragraph, adds Aquila comment) NEW YORK, July 2 (Reuters) - Shares of Quanta Services Inc. (NYSE:PWR - News) fell sharply Tuesday after the energy and telecom services provider warned that earnings would miss Wall Street expectations because of reduced spending by customers. ADVERTISEMENT "The telecom and cable markets continued their deterioration with Quanta experiencing greater than expected contract delays, cancellations and reduced margins," Quanta's Chief Executive John Colson said in an announcement released after Monday's market close. Late Monday, the Houston-based company forecast second-quarter profits of between 3 cents to 5 cents a share, below Wall Street expectations of 19 cents. Full-year earnings were expected to range 45 cents to 55 cents, lower than the 94 cents Wall Street had forecast. In May, Quanta also cut its second-quarter and year outlook when it announced a sharp decline in first-quarter profits. "Our inability to have any confidence in forecasting profitability at Quanta is the primary reason why we believe investors should wait on the sidelines," Alex Rygiel, analyst with Friedman, Billings, Ramsey, wrote in a research note published Tuesday. Shares of Quanta Services fell more than 68 percent, or $6.22, to $2.92 a share on Tuesday. This followed a fresh 52-week low of $2.80 earlier in the session. Shares have traded as high as $25.27 in the past year. The company said its stock has been hurt by customer bankruptcies and the deterioration of the utility industry. Its two largest customers in the first quarter, comprising 7 percent of total revenues, have filed for bankruptcy and suspended most operations. May be shorts covering here but this thing has really been hammered!! tuna