With no sense of how far the market is from the bottom, investors may overreact.

But investors can easily overreact by looking at the bottom line.

But some industry analysts said investors had overreacted to the most recent announcement.

Foreign investors may be overreacting by bailing out of the Tokyo market now.

But some analysts suggested that investors overreacted in taking stocks lower.

Ms. Skolnick, who is neutral on the stock, said that she believed investors had overreacted to the news.

Dr. Jenner argues that investors have overreacted to the news.

In the current environment, I think investors are overreacting.

But they said investors might have overreacted by pushing the stock price down so low.

And, he added, investors overreact to quick changes and underreact to slow ones.