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Strategies & Market Trends : Drillbits & Bottlerockets

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To: Logain Ablar who wrote (8608)4/20/2001 1:26:34 PM
From: John Pitera  Read Replies (1) of 15481
 
Tim, I have not listened to either the CMRC or ARBA conference calls, I'll do that this weekend.

I think that SEBL and PMCS sound like they had informative cc's so those might be ones to hit if one has time.

I notice that CMRC got right up near the 50 day sma and that's where the sellers came in.

CIBC with a cautious take. on balance we are seeing downgrades today....

Commerce One (CMRC) 11.22 -2.49: -- Update -- CIBC Wrld Mkts downgrades to HOLD from BUY due to recent stock appreciation and extraordinary cash drain during quarter; cash and short term investments declined $90 mln despite a $14.7 mln increase in debt; at the current burn rate, CMRC would run out of cash before year end.
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