Go to Jeff Salisbury LWGate Home Page.From: "Gene Ricci" <genr@swbell.net>
Subject: Re: [CANSLIM] BCGI big dip
Date: Thu, 17 Jul 2003 13:42:48 -0500
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forgot to add the following
Boston Communications Group (Nasdaq: BCGI) provides telecommunications =
equipment and services that enables pre-paid service plans. Last night, =
the company issued a positive earnings surprise and boosted =
earnings-per-share estimates for 2002. Normally this would be considered =
a good thing, if the report was not tainted with the hint that its =
contract with Verizon Communications is not a forgone conclusion. As VZ =
accounts for 52 percent of the company's business, investors have been =
subsequently shaken up. Wall Street analysts are similarly concerned, as =
illustrated by the two downgrades BCGI received this morning. The stock =
has dropped over 35 percent today, breaching its May and June nadirs on =
heavy volume. The equity has fallen beneath its 10-month moving average =
but remains atop its 20-month trendline, which has provided support =
since October 2002. BCGI options pits are active today on the July 15 =
put strike, where almost 1,400 contracts have changed hands. Given that =
there are close to 2,000 open contracts at this strike, and that these =
options expire tomorrow, bearish speculators are likely capturing =
profits in the midst of today's drubbing. Short sellers should also be =
benefiting; over the last reporting period, the amount of BCGI short =
interest rose 32 percent to 8.8 million, for a short-interest ratio of =
almost nine times.=20
----- Original Message -----=20
From: Gene Ricci=20
To: canslim@lists.xmission.com=20
Sent: Thursday, July 17, 2003 1:37 PM
Subject: Re: [CANSLIM] BCGI big dip
Hi Tomas, sorry to hear of your bad luck. I have to caution you to not =
trade with a hard stop of some limit or another.... I see it's now down =
to a 39% drop.... when does benign become terminal?
Gene
----- Original Message -----=20
From: Tomas=20
To: canslim canslim=20
Sent: Thursday, July 17, 2003 1:28 PM
Subject: [CANSLIM] BCGI big dip
Hi All,
I recently bought BCGI at BO on 07/08 for $18.89.=20
Good fundies and good CwH. No real yellow flags that
I can see. Yesterday on after hour trading, it went
down about 33% due to news on a potential lost of a
big customer (51% of revenue). Also, earnings release
yesterday was very good. So, my question is should I
know this coming? Maybe I missed some big warning
signs. Maybe I should have noticed the active insider
selling the last few months. Another other warning
signs that I would have noticed? Or is this something
that you cannot protect from? I am think there should
be enough warning signs for this king of thing.
Is might be another dumb question, should I just sell
it now (you might be thinking "What! You have not sold
it yet"). Or wait for a few days to see what happens
and maybe I can get some of my loss back? Am I just
been "hopeful when I should be fearful" (ie, sell and
get out ASAP)?
Regards,
tomas=20
__________________________________
Do you Yahoo!?
SBC Yahoo! DSL - Now only $29.95 per month!
http://sbc.yahoo.com
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charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2800.1106" name=3DGENERATOR>
<STYLE></STYLE>
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<BODY bgColor=3D#ffffff>
<DIV>
<P><FONT face=3D"Comic Sans MS">forgot to add the following</FONT></P>
<P>Boston Communications Group (Nasdaq: BCGI) provides =
telecommunications=20
equipment and services that enables pre-paid service plans. Last night, =
the=20
company issued a positive earnings surprise and boosted =
earnings-per-share=20
estimates for 2002. <STRONG><FONT color=3D#0000ff>Normally this would be =
considered a good thing, if the report was not tainted with the hint =
that its=20
contract with Verizon Communications is not a forgone conclusion. As VZ =
accounts=20
for 52 percent of the company's business, investors have been =
subsequently=20
shaken up. Wall Street analysts are similarly concerned, as illustrated =
by the=20
two downgrades BCGI received this morning.</FONT></STRONG> The stock has =
dropped=20
over 35 percent today, breaching its May and June nadirs on heavy =
volume. The=20
equity has fallen beneath its 10-month moving average but remains atop =
its=20
20-month trendline, which has provided support since October 2002. BCGI =
options=20
pits are active today on the July 15 put strike, where almost 1,400 =
contracts=20
have changed hands. Given that there are close to 2,000 open contracts =
at this=20
strike, and that these options expire tomorrow, bearish speculators are =
likely=20
capturing profits in the midst of today's drubbing. Short sellers should =
also be=20
benefiting; over the last reporting period, the amount of BCGI short =
interest=20
rose 32 percent to 8.8 million, for a short-interest ratio of almost =
nine times.=20
</P></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene =
Ricci</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, July 17, 2003 =
1:37=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] BCGI big =
dip</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3D"Comic Sans MS">Hi Tomas, sorry to hear of your bad =
luck. I=20
have to caution you to not trade with a hard stop of some limit or =
another....=20
I see it's now down to a 39% drop.... when does benign become=20
terminal?</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dtomas986@yahoo.com =
href=3D"mailto:tomas986@yahoo.com">Tomas</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim canslim</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, July 17, 2003 =
1:28=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] BCGI big =
dip</DIV>
<DIV><BR></DIV>Hi All,<BR><BR>I recently bought BCGI at BO on 07/08 =
for=20
$18.89. <BR>Good fundies and good CwH. No real yellow flags =
that<BR>I=20
can see. Yesterday on after hour trading, it went<BR>down =
about 33%=20
due to news on a potential lost of a<BR>big customer (51% of =
revenue). =20
Also, earnings release<BR>yesterday was very good. So, my =
question is=20
should I<BR>know this coming? Maybe I missed some big=20
warning<BR>signs. Maybe I should have noticed the active=20
insider<BR>selling the last few months. Another other =
warning<BR>signs=20
that I would have noticed? Or is this something<BR>that you =
cannot=20
protect from? I am think there should<BR>be enough warning =
signs for=20
this king of thing.<BR><BR>Is might be another dumb question, should =
I just=20
sell<BR>it now (you might be thinking "What! You have not sold<BR>it =
yet").=20
Or wait for a few days to see what happens<BR>and maybe I can get =
some of my=20
loss back? Am I just<BR>been "hopeful when I should be =
fearful" (ie,=20
sell and<BR>get out ASAP)?<BR><BR><BR>Regards,<BR>tomas=20
<BR><BR>__________________________________<BR>Do you Yahoo!?<BR>SBC =
Yahoo!=20
DSL - Now only $29.95 per month!<BR><A=20
=
href=3D"http://sbc.yahoo.com">http://sbc.yahoo.com</A><BR><BR>-<BR>-To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do=20
not use quotes in your =
email.<BR></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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- -"unsubscribe canslim". Do not use quotes in your email.
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