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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: Rich1 who wrote (31407)4/6/1999 10:54:00 PM
From: Lee Walsh  Respond to of 120523
 
I hate to say it, but I'd guess $10, or less...probably less.

That was a pretty bad news release

Stuff like that makes a person want to be a daytrader totally, and be in cash every night for sure.

Lee



To: Rich1 who wrote (31407)4/7/1999 1:09:00 AM
From: hung wood  Respond to of 120523
 
Hello Rich1:

This is my opinion only...

The news is bad when FVCX has to restate the earning negatively.
I have observed many companies announced bad earnings and making
excuses such as "big orders" did not get recognized for the quarter,
restructuring, etc... Very often, the market is dead right on the
"punishment" in term of dropping stock prices.

However, we are in the "nuts" land. These companies defy the
logic that we have learned. In the last few days, the actions of
the volumes and prices told a different story. I am puzzled.

What will be the opening price ? My guess is around $13 and will
spiral down to about 10 before it will go back up. Short term is
not too appealing but long term I think this will go much higher.
Lately, "streaming" data companies got lots of recognition.

Good Luck