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To: buckeye3d who wrote (1351)1/26/1998 3:13:00 PM
From: Nathan Shulman  Read Replies (1) | Respond to of 16960
 
>>This has happened before...

Right before they came out with the nice press release in December the stock was getting hammered. It was down from 17+ to 14ish on no news.<<

Oh yeah, I forgot about that. Glad I held it then (and bought more on the way back up) It's just that earnings has killed on almost every stock I have and I'm getting tired of it.



To: buckeye3d who wrote (1351)1/26/1998 3:18:00 PM
From: fivebagger  Read Replies (1) | Respond to of 16960
 
Umm... This is very significant.

biz.yahoo.com



To: buckeye3d who wrote (1351)1/26/1998 3:46:00 PM
From: Mitchell Ryan  Read Replies (1) | Respond to of 16960
 
Alex,

Another thing to consider is that the stock is currently trading around the same level it was prior to the Motley Fool "purchase". I would suspect that many of the investors who bought in for this reason are taking flight. They probably never really understood the fundamentals of this company and are bailing out of ignorance.

Regarding the December press release, I would be surprised if it wasn't a conservative estimate, and that an upside surprise is in order. The CEO had to have known full well when the release was made that achieving the estimate was a certainty. Furthermore, I would suspect that it had already been reached as of that date. In these days of shareholder lawsuits, no well managed company is going to publicly forecast revenue estimates that won't be met.

Ryan