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Technology Stocks : FORE Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Nicholas Rauch who wrote (12141)4/23/1999 2:13:00 AM
From: dmkst1  Read Replies (2) | Respond to of 12559
 
I am kind of surprised by the negativity of this board. I think that you may all be falling in the contrary indicator category. During this run from 20 to 24 it is may guess that the stock has been heavily shorted by people who remember last quarter too well. Then everybody was expecting earnings to exceed estimates - they didn't and everybody rushed for the door. This time around - slightly exceeded with big jump in rev and expectations of big rev jump this quarter - from public mgmt. comments. Just a guess but I lean towards a few upgrades and re-iterations - everybody who sold before earnings and shorts will want to get back in. If no drop tomorrow or signs of upward move shorts will have to cover - who wants to be short a stock with expectation of good next quarter and persistent buyout possibility.
Good luck to all.

jimb