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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: DanZ who wrote (16518)	9/30/1998 7:50:00 AM
From: Ron McKinnon	Read Replies (2) \| Respond to of 53068

PCCC >>>I don't fully understand what happened here, but doesn't it seem like a gross overreaction when a stock loses half it's value after saying they might miss analyst's estimates by 2 to 6 cents? Admittedly, that's 10 to 25%, but still, cutting the stock in half seems to be a bit dramatic. Dan, yup, I agree but that's the way the market treats warnings these days this was a recent IPO 15,442,543 issd.Insiders control approx. 80%. IPO: 3/98, 3,125,000 shares @ $17.50 earnings estimates were for 1.05-1.30 going forward maybe now that's more like .80-1.00 or so? so we have a P/E of 10-12x's for growth of 20-30% or so the market is saying they don't buy the going forward story I guess full disclosure: I went in this yesterday at 10, out at 10 3/4 a few more small flips then held some over from 9 7/8-10 1/4 will likely sell at the open but may put some away for awhile if it holds the 9 3/4's level