Sun, Sep 21, 2014, 5:43 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Red Hat, Inc. Message Board

  • mprou20000 mprou20000 Oct 21, 2002 11:31 AM Flag

    READ THIS!!

    Does anyone think the sell off occurred because people didn't take into account the 3/2 split. I've seen mistakes before with people misinterpretating numbers and the stock jumped back up, or is there something else pushing the stock down? I heard someone mentioned deferred revenues?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • can we afford to wait a month to recover?
      (snip)
      I would guess it climbs back to where it was in about a month
      (snip)

    • wasn't splitting hairs, was setting the record straight

      I would guess it climbs back to where it was in about a month

    • So after splitting hairs all day long what is your recomendations for RMCI?

    • <<You may be right about earnings day itself, but RMCI has sold off in the week after earnings at other times, for example after the earnings in july of this year. >>

      Right, but I was only talking about earnings day itself...

    • You may be right about earnings day itself, but RMCI has sold off in the week after earnings at other times, for example after the earnings in july of this year.

    • OK, you win. Unless I can come up with another example (and I just don't have time to devote to looking), I'll agree that my memory is faulty and that July 23 '01 is the only known example prior to today of RMCI selling off on good news.

      No big deal. As long as my brain can keep coming up with 5 baggers, even at this price, I'll allow it occasional memory flaws.

    • <<I apologize for giving an example that I didn't notice you had mentioned.>>

      No problem. But that is the only example of RMCI tanking big anytime from 2000 to now (excluding today), and that was my point.


      <<Today's sell off, in intensity and timing, appears identical to the one in July '01, and will prove to be equally useless in forecasting future stock action, I believe. Numbers were great, the stock went down, but in the end it was the fundamentals that counted.>>

      I agree. That's not what we were talking about...

      <<I don't have time today to do a daily correlation between every earnings release (or positive pre-announcement, or split announcement, of which there have been many) and the stock action.>>

      I did have time. I checked after your post because I wanted to see if you were right about RMCI often tanking hard after earnings. You weren't. It did only once before today.

      <<But as one who bought the stock heavily in low single digits starting in the summer of 2000 (my first post here, #113, was that autumn) I have watched RMCI closely, and feel quite comfortable in stating that for any given announcement, it is as likely to go down on a day of good news, as up. >>

      You can feel as comfortable as you want stating that, but again, you are wrong. I actually went back and looked at it, and my previous post gives the results. Only down big once. 7/23/01.

      Not a big deal. It's just that you said something that I believed to be false, I checked it out and proved it false, and you came back with the "you may not have the resources" comment, but still did not prove your assumption. The fact is, it can't be proven...

    • Yes, they did slip, as they often do during the summer, and I am sure that will be cited by the analysts who want to stay bearish as their reason for doing so, along with the slight slowdown in US outplacement business. In the call, the company indicated that it expects that number to jump at year end.

    • What about the deferred revenues number?
      Could the lower number be the cause of the
      selling. Such a strong market, and the stock
      is falling on good earnings announcement. Sheesh.

    • I apologize for giving an example that I didn't notice you had mentioned.

      Today's sell off, in intensity and timing, appears identical to the one in July '01, and will prove to be equally useless in forecasting future stock action, I believe. Numbers were great, the stock went down, but in the end it was the fundamentals that counted.

      I don't have time today to do a daily correlation between every earnings release (or positive pre-announcement, or split announcement, of which there have been many) and the stock action. But as one who bought the stock heavily in low single digits starting in the summer of 2000 (my first post here, #113, was that autumn) I have watched RMCI closely, and feel quite comfortable in stating that for any given announcement, it is as likely to go down on a day of good news, as up.

    • View More Messages
 
RHT
57.93-2.73(-4.50%)Sep 19 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.