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Technology Stocks : Remedy Taking a hit why? -- Ignore unavailable to you. Want to Upgrade?


To: Kid Rock who wrote (367)12/7/1997 3:24:00 AM
From: scname  Read Replies (1) | Respond to of 763
 
We are unlikely to see analysts downgrade since the quarter
is not over.
RMDY has a history of backend loaded quarters. 10Q states
company often book a large part of revenue in the last week
of a quarter. Guess they are late again.
Sometimes they don't make their numbers therefore the volatility of the stock. Sales management change announced in late October
could have an effect. International sales could be hurting from unfavorable exchange ratio.

At price 11 times sales, this is one risky stock to own.
I'm daytrading this one on the short side since momentum is
pointing down.