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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jurgen who wrote (10189)	6/11/1998 10:38:00 AM
From: wiley murray	Respond to of 120523

Jergen:PIR Earnings report. Hang in there-be patient. Its the SELL ON THE NEWS situation with PIR today. PIR coming back off its low for the day.Could see a rebound later today or tomorrow.

To: Jurgen who wrote (10189)	6/11/1998 2:10:00 PM
From: Judy	Read Replies (1) \| Respond to of 120523

Jurgen, PIR has been in a downtrend since March and I'm not sure if there is anything fundamentally different in today's report to reverse the trend. While it may seem PIR would benefit from the Asian currency crisis since their products are mostly imported from the region, it is also likely that they could have trouble receiving products from their suppliers. Many SEA businesses have severe financial problems or may just flat become bankrupt. Maybe the market is seeing two sides to the coin, and decided which side not to bet on. Let's see whether buyers return when the market completes its correction.