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SRI Chat - Socially Responsible Investing
Subject: Wall Street
From: William H. Toohey
Date: 04/23/99
Recently we see almost daily where First Call estimates a profit/loos prediction for a stock. When said stock exceeds the estimate invariably the stock jumps way up disregarding the FACT that the earnings are mostly LESS than the previous quarter comparison. What fools we are - time for the pin to be inserted in the balloon

 

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