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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: marc chatman who wrote (7841)	10/30/1997 9:33:00 AM
From: LK2	Read Replies (1) \| Respond to of 13456

I dumped because I lost faith in Crisman and APM. Everybody who talked to him got the impression the Sep quarter was doing great. That's why we held on in spite of a sliding stock price. And Crisman delivered a load of shi* to his shareholders in the Q report (along with the E estimated revisions downward for 98 and 99). So a cheap stock got even cheaper. Marc, sorry my earlier posting (#7835) repeated what you were saying. Partly, I should have read the thread before posting (your DELL warning), and partly we both posted on overseas market at the same time. Regarding the DELL warning: there was a posting on the WDC thread yesterday after the market that seems to be part of the DELL warning. The poster said there was a rumor that CPQ was delaying orders. James Cramer of theStreet.com said a Wall Street analyst denied the truth of the rumor. But, to me, it appears the shorts are now including CPQ and DELL as part of the tech sell-off. It doesn't matter whether the rumors are true or not. Sometimes the stocks will tank, and then later you find out if the rumor is true or not. I was in GTW (Gateway) when there was a rumor it would miss the quarter. The company made no direct response. First they said the speaker at some tech conference wouldn't talk about E estimates, but he would answer questions from analysts. Then the company said the speaker at the tech conference wouldn't answer any questions from analysts about the current quarter. Anyway, it turned out, a couple of weeks or so later, that Ted Waite, the Pres/CEO, made a speech and said that GTW wouldn't make Wall Street estimates for the current quarter, but that the second half of the year looked very strong. But the main damage to the stock had already taken place maybe two weeks before Waite spoke. The stock had been about 70 (pre-split), it dropped into the mid 60's just before the rumor came out, and on the day of the rumor it dropped as low as the high 50's. The stock then went to the low 60's, and when Waite said the quarter would be below estimates, the stock stayed in the low 60's (it didn't drop back to the high 50's like it did when the rumor came out). Larry