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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?


To: eddie r gammon who wrote (2092)12/16/1997 9:19:00 PM
From: steve goldman  Respond to of 4969
 
A number of factors:
1. "Its all in the call"...the conference call which can't be put into the 10 line Dow Jones Story, might have made comments regarding coming quarters and so while the earnings were poorer than expected, perhaps guidance for next year was better than anticipated.

2. buy on the bad, sell on the good. buy the sizzle, sell the steak.

3. short covering

4. the difference between 7 cents and 4 cents, which is all small change, could be the CEO having taken a bonus early, etc....

5. The market never does what you expect it to do.

6. 1 billion a quarter in revenues is significant. If they can uptick margins 1percent, thats a heft sum. Look at seg with 10bill in saless. They won't make money this qtr. Why was the stock uptoday and at $20? Earnings potential...an 1% uptick in margins when earnings are 10billion is 100 million...thats a lot..revenue base.

Regards,
Steve@yamner.com



To: eddie r gammon who wrote (2092)12/16/1997 9:36:00 PM
From: TFF  Read Replies (1) | Respond to of 4969
 
eddie: Micron got swept up in the bullish "tone" towards techs. It makes perfect sense;)

When weak stocks like this go up on negative news, it's a good bet that the sector as a whole has been oversold and is a very bullish sign going forward....................IMHO