      There are many repetitive news releases that will cause similarreactions by market participants. Earnings releases that meet, exceed, orfail to meet analysts' expectations are almost always reacted to in thesame fashion. The variance between the estimated and the actual earningsper share will determine the magnitude. The time frame in which theadjustment is made is almost always immediate and dramatic (i.e., a 40-point drop in stock price from one day to the next).