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


To: Bruce A. Brotnov who wrote (15579)1/15/2003 4:24:59 PM
From: bophilips  Read Replies (1) | Respond to of 16631
 
Does anyone follow NLS (Nautilus Group)? It was a play here on earnings disappointment last quarter, and I just saw that it has dropped again. Looks like earnings are good (low P/E 4.9) and earnings growth is good. Do you think selling is an overreaction, or does the company have problems. I traded it a few times in Oct/Nov and made good money. The thought then, as I recall, was that the company was sound and had just missed estimates.

bo



To: Bruce A. Brotnov who wrote (15579)1/15/2003 4:39:39 PM
From: Bob V  Read Replies (1) | Respond to of 16631
 
Bruce any idea what cause the slide in BLUD??

Over 5 million shares changed hands. Yahoo says there are only 12.4 million shares outstanding.
400,000 moved in the last 5 minutes. For a stock that averages 315,000 per day that’s a lot of stock to move.

The biggest price decline came just after 11:00 on about a million shares.

11:43AM Volume Alert -- Immucor (BLUD) 22.00 -2.90: -- Update -- Hearing that sudden collapse is tied to a CJS Securities downgrade to Hold from Buy. ( From briefing .com) That hardly explains it.

5 million sold means 5 million bought. I looked for short covering at the end of the day but the price kept dropping. I guess we’ll see what transpires tomorrow.

I guess the bright side is that it stayed above 20.00