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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)
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To: ms.smartest.person who wrote (4496)1/17/2001 10:38:56 PM
From: ms.smartest.person  Read Replies (1) of 4541
 
MARKET TALK-HK: PCCW's Dead-Cat Bounce

1031 [Dow Jones] Pacific Century CyberWorks (0008) rebounds 3.9% to $4.025 after falling 20% over past week on concerns about C&W PLC's forthcoming placement of half its 15.3% stake in PCCW when share lock-up period expires on Feb 17. However rebound only dead-cat bounce and not genuine buying, says trader at European brokerage; cites ING Baring report which says shares expected to fall to $3.60-$3.80 in short-term, on C&W's pending block sale.(STT)

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asia.biz.yahoo.com
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