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Technology Stocks : PRTG (PRT Group) -- Ignore unavailable to you. Want to Upgrade?


To: John Ritter who wrote (45)3/6/1998 2:37:00 PM
From: Anthony Wong  Read Replies (2) | Respond to of 128
 
John and all,

With hindsight, we can say that the company could have handled Wall Street better. Reading between the lines, these analysts, and there are only 4 covering the company, have sort of given up on the company. It may not be a bad thing. Now that they have all downgraded the stock, no more downgrades would be coming. I guess by now only small investors (and true believers) are holding the stock. I wish that they had allowed us to listen in to the conference call.

I wonder whether it's true that the company had known of these problems in Jan. or Feb.

As to the high volume today, perhaps there's some short-selling. I can't believe that everyone had sold, and the narrow trading range doesn't make day trading on the stock that profitable. The oil drillers would be more suitable day trading candidates.