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Technology Stocks : Ariba Technologies (Nasdaq-ARBA)
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To: Suzanne Newsome who wrote (1796)3/15/2001 2:31:34 PM
From: Anthony Tsai  Read Replies (1) of 2110
 
Why would the firm still maintain a buy rating? If what they say is true about Ariba missing earnings, they probably won't downgrade the stock until after Ariba reports the bad earnings. That's the way how Wall Street works. Most analysts don't downgrade the stock until after the news is out. That way, the firm has the opportunity to unload some stock before the downgrade. And after the downgrade, they can buy it back cheaper. It's kind of sad to the small investor, but that's what happens everyday.

Anthony
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