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To: Baldwin who wrote (3713)9/14/1998 1:24:00 PM
From: Seeker  Read Replies (1) | Respond to of 7342
 
are any on SI daytrading this one today and if so,,,, what are your views on this bouncing from a new low and jumping a dollar or so...



To: Baldwin who wrote (3713)9/14/1998 1:54:00 PM
From: Thomas G. Busillo  Respond to of 7342
 
Baldwin, I'm at a loss. In Faber's report he used words to the effect that the company didn't feel what it said was a warning (and yeah, from the Zack's stuff on YHOO this Q is shown as expected to be flat) and that the CEO was comfortable with '99 estimates.

And yet, CNBC is running with the idea that it is a "warning" and the price is sure acting like something not terribly great was disseminated.

I don't know.

See, this is the problem when companies tell a select group and then rely on that group to get the word out. They can release a PR about the merger, but they can't issue a PR summarizing what he told a group of Wall Street insiders in that call? And in the meantime, we're all left guessing.

That's a "level playing field?"

This "guidance" crap has got to be modified, but where's the base for doing anything? I'd find it hard to believe that institutions want to give up their ability to receive information first because they have more capital than you and I.

Good trading,

Tom



To: Baldwin who wrote (3713)9/14/1998 2:08:00 PM
From: Thomas G. Busillo  Respond to of 7342
 
Baldwin, Reuters is reporting that they are comfortable with a 3Q near .46 and cites the First Call est. as previously being .47.

biz.yahoo.com

Zack's on YHOO had it as .46.

I don't know, but unless everyone is suddenly simultaneously giving serious considerationo their product portfolio and development efforts, maybe it is overdone?

I picked up some of the Oct. calls, so I'm hoping it is.

But again, given the reaction, why can't they spell out what's going on to the same degree they were nice enough to chat with the big boys?

Good trading,

Tom