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Re: wadegarret post# 2332

Friday, 01/21/2005 9:18:17 AM

Friday, January 21, 2005 9:18:17 AM

Post# of 173894
wade, re FORD IPII

No, I don't think that .21/share is sustainable. Next quarter should be strong, but obviously the additional shares is going to hurt EPS. I wouldn't chase this or any stock, although I do feel there could be an additional $1 pop today. Don't underestimate the power of momentum and daytraders. They don't do DD like people on this board. Some of them actually buy and don't even know what the company does! I watched momo players push ANTP to the $50's even though if anyone spent 10 minutes reading the prior 10Q, they'd see that revenues, earnings, and backlog were all going to drop sequentially.

As for IPII, Q4 and Q1 are their seasonally slow quarters. Might be counteracted this year by increased activity following hurricanes. With the impending reverse split, I'd rather wait and see the numbers.

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