Momentum stocks sink, Morgan Stanley surges

July 21, 2011: 1:45 PM ET

NEW YORK (CNNMoney) -- There is a saying on Wall Street that goes "the reaction to news is more important than the news itself".

F5 Networks (FFIV) beat estimates by 6 cents, but still declined more than 9%. The shares of the networking equipment maker are down nearly 25% for the year.

Travelzoo (TZOO) missed estimates by 9 cents, which led to a drop of more than 30% in its shares. The online travel agency cited higher advertising costs and lower than expected growth in its European branch as the main drivers of the disappointing results.

Meanwhile, Morgan Stanley (MS, Fortune 500) advanced for a third consecutive day. The investment bank reported a smaller than expected loss. But it was still a loss. Yet, investors viewed the Morgan Stanley glass as half full. Shares rose 10%.

These are some of the themes attracting attention on StockTwits Thursday:

How "Hey Mickey" led to big plunge in Travelzoo stock

lamonicabuzz: The perils of being a momentum stock. $FFIV down 8% after hours despite big EPS beat. Guidance not good enough to satisfy high expectations.

MOFinancial: $FFIV Call: There was certainly some suppressed demand in the quarter & we feel the cycle has troughed, we're seeing a lot of strength...

1nvestor: Looks like the shorts had it right in $TZOO - question is did only a few make money on the short trade?

trending123: $TZOO Getting Hammered.....Maybe A Stock Split Without The Burden Of Extra shares?

KeithMcCullough: $MS prints an excellent sequential acceleration in their FICC business, +18% vs Goldman down -64% (sequentially) $GS

LaurenLaCapra: Adjusting for special charge + dilution, $MS 38-cent loss would have been 64-cent profit. Excluding DVA gain, 56-cent profit. To top of page

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