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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: Maryann M who wrote (27290)	3/13/1999 8:00:00 AM
From: kendall harmon	Read Replies (1) \| Respond to of 120523

Here is one reason for the panic selling in RAD yesterday, this column by James Cramer of thestreet.com posted at 1:17 Friday afternoon. Sunbeam (SOC:NYSE), Cendant (CD:NYSE) and now Rite Aid (RAD:NYSE)? Sure looks like it. Analysts had been in constant contact with this company and business was supposed to be rocking! Normally I am all over these delayed opening gaps down. But not when they concern accounting problems, and this one is a doozy of accounting problems. Did the CEO just not have a clue when he guided analysts to rosy forecasts recently? I got enough problems with good companies. Who needs this headache? Funny, we are almost celebrating the anniversary of the Cendant news. This Rite Aid situation makes me almost nostalgic for that gaffing -- the largest of my career, by the way.