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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: KevinThompson who wrote (5676)	4/16/1999 11:04:00 AM
From: Bucky Katt	Respond to of 57584

It dumped on thin volume, and now is bouncing back, so someone is expecting something good. At least that is what it looks like this minute.

To: KevinThompson who wrote (5676)	4/16/1999 11:26:00 AM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Kevin, thanks for clarifying. . .sorry for confusion. . .CHRZ. .was a 40.00+ dollar stock not long ago. It hit a high in the mid-fifties as I recall. Then the big "short all Y2K stocks" hit. And it dropped like a rock. They announced a restructuring of their business to include an E-commerce software division, so they had some charges against earnings. But that is all behind them now. And not only are they well diversified, but they always have been. . .they were misunderstood to be merely a company jumping on the Y2K bandwagon. . .not so. Shorts are still in, so the price swings are often based on short covering and new positions. . . they said they were comfortable with the Wall Street expectations for earnings. . .they said that problems that other software companys faced were not affecting them in the same way. I think they will surprise to the up. If so, the shorts will run for cover and that alone will put them on the speculative watch boards. The smallest amount of digging will reveal that this is far more than a Y2K software company and at current levels is ridiculously undervalued. . .in fact it wasn't long ago that they were evaluated by an analyst that placed 65 as their value. I don't buy MSFT or many other pure software companies. . .but this one, I believe is a sleeper. . .and there is a 60/40 chance of them waking next week. So my interest is based on my "feeling" that this could get some serious attention next week. Rande Is