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Technology Stocks : ATI Technologies in 1997 (T.ATY) -- Ignore unavailable to you. Want to Upgrade?

To: Kayaker who wrote (646)	4/17/1998 12:04:00 PM
From: Kayaker	Read Replies (1) \| Respond to of 5927

Well, that was fun. Down to 61.10 @ 8:30 PDT. I know it's usual for a stock to drop after an earnings report, even if it exceeds estimates. The same thing has happened to GEAC in the past few weeks after a record earnings report. "Buy on rumour, sell on news". I suppose it's the institutional momentum players bailing out. They'll probably be back a few weeks before the next earnings report. I'm not terribly worried. In fact, I bought some OCT 70 calls this morning. Seemed like a hell of a bargain. But doesn't a drop to 61.10 seem a bit excessive? It makes me wonder if there isn't some bad news lurking out there somewhere? Comments?