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Pastimes : Analysts Exposed- Jamie Kiggen (DLJ)

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To: William who wrote (206)3/18/2001 9:19:43 AM
From: Julius Wong   of 263
 
More info on MSDW's FLEX calls

The 1/26 Strong Buy upgrade was probably responsible for a 2% increase (from 39 to 39.81). Counting buy/sell costs the retail investor would not make money on that call.

The 3/15 downgrade was right, FLEX dropped from 22.94 to 20.81, a 9% decline. But during the same period, many tech stocks declined more than 10% with no downgrade by any analysts.
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