re: Extreme Optimism Boosts StockThey lose 170 million 03 fiscal year. have not be profitable in many quarters, their CFO quits. They have no senior sales people left. Their new product announcements usually miss their first announced shipment dates by at least 6 months. But they have Gordon Sitt, the howard stern of technology marketing. Help me out here their stock jumps 22% based upon the above. What am I missing? Poor Foundry will announce their 15th or 16th straight quarter of profitability next week, 25% higher margins than Extreme, much wider product scope. But guess what Bobby Johnson is no marketing guru, just a plain engineer.
Based upon Extreme's logic of continually losing $, employees bailing, margins in the low 30% range their stock jumps.
Might be a good time to short FDRY if this is reality. IMHO
re: Extreme Optimism Boosts StockThere is nothing in the announcement that would boost up the proce even by a penny. A lot of con artists on Wall Street have been expressing optimism. There are no fundamental changes that bring any kind of orderly growth. Extremes initial strong association with Yipes had distrous consequences.
The days of boosting up stock prices by expressing optimism are over. There is a tremendous amount stress on economy due to the US waging a war on Iraq and Afghanistan. The war expenses are close $12 Billion a day.
re: Extreme Optimism Boosts Stock"GEA"BobbyMax posts an intelligent post and you shoot it down with your silly standard response. Get a life, I am another one that reads these boards reguarly and really sees your posts as very trivial and useless. Why do you bother? Interestingly, even though BM gets burned from time to time on this board I cannot recall him ever using his posts to belittle anyone.
"even though BM gets burned from time to time on this board I cannot recall him ever using his posts to belittle anyone."
Then you haven't been reading Booby's posts, which is understandable. I don't read them either. But looking at just today's, here's Booby slandering Chambers...
"Chambers only appoints "yes" people to his management team. So the question of fairness and honesty has the least priority at Cisco. Through a series of mergers and acqusitions, Chambers manipulated the stock prices"
No references, no facts, no data. Just slander and libel, and he never defends statements like this. Remember than even though Chambers is a rich bigshot, he's human too. So it is vital to actually PROVE such accusations.
re: Extreme Optimism Boosts StockShould have made it clearer. BM does not take shots at the other posters on this board that I am aware of. Shows at least that he is somewhat above that type of nonsense. As to chambers, BM is right on the money.
Help me out here their stock jumps 22% based upon the above. What am I missing?
Poor Foundry will announce their 15th or 16th straight quarter of profitability next week, 25% higher margins than Extreme, much wider product scope. But guess what Bobby Johnson is no marketing guru, just a plain engineer.
Based upon Extreme's logic of continually losing $, employees bailing, margins in the low 30% range their stock jumps.
Might be a good time to short FDRY if this is reality. IMHO