Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject	6/6/2001 9:03:50 AM
From: allen menglin chen	Read Replies (1) of 6873

08:47 ET CIENA Corp (CIEN) 59.57: Goldman Sachs made positive comments on CIEN out of Supercomm; sees continued strong long haul visibility. Goldman's checks indicate that Sprint (FON) plans to upgrade its OC-48 backbone to OC-192, which should benefit CIEN, which is Sprint's primary DWDM supplier. 08:24 ET GoTo.com (GOTO) 26.64: Files registration statement with the SEC covering the sale of 7.5 mln common shares. 08:23 ET Sun Microsystems (SUNW) 17.02: Stock bid up to 17.70 pre-market, hearing from sources at Goldman Sachs that firm made very cautiously positive comments, saying that the worst may be behind SUNW, but that it was still too early to call a bottom. 08:33 ET Micron Tech (MU) 42.00: Morgan Stanley is the latest to cut estimates on MU due to lower DRAM prices: May qtr to ($0.19) from ($0.08); Aug qtr to $0.32 from $0.57, FY02 to $0.35 from $1.00. 08:29 ET Lucent Tech (LU) 8.49: -- Update -- Dresdner upgrades to BUY from Add with a $12 price target; expects sale of fiber optic division and announcement of several large contract wins with incumbent service providers to provide catalysts. 06:48 ET FreeMarkets (FMKT) 12.22: Company and Adexa Inc mutually agreed to terminate their merger agreement citing the slowing economy, market conditions and the delays in obtaining SEC approval. FMKT announced the acquisition of privately held Adexa in February. Based on FMKT's $19.75 price at the time, the deal would have been valued at approx. $340 mln. 06:40 ET priceline.com (PCLN) 5.45: Hong Kong firms Cheung Kong Ltd and Hutchison Whampoa Ltd announce that they have entered into an agreement to increase their stake in PCLN through a 25 mln share purchase from founder Jay Walker. Purchase raises the companies' combined stake in PCLN to 30%. In Feb., CKH and Hutchison jointly purchased 23.8 mln shares of PCLN stock. 08:06 ET Goldman on Comm ICs : Goldman Sachs says that business conditions for this group remain challenging with a continued anemic order pattern; believes already lowered expectations may still be too high and that growth is unlikely to resume until Q4 at earliest. Goldman said that AMCC, PMCS, TXCC, and VTSS see no signs of an imminent recovery with each likely to post book-to-bills below 1; says it's still unclear whether they will preannounce this quarter's results or wait until more data comes in. 08:04 ET SonicWALL (SNWL) 17.75: Internet security company inks OEM deal to supply Cisco Systems (CSCO) with its Secure Sockets Layer (SSL) acceleration appliances. 08:18 ET Hollywood Ent. (HLYW) 6: Goldman Sachs upgrades video rental chain to MKT OUTPERFORM from Mkt Perform; views the renegotiation of HLYW's credit facility as a positive; considers stock undervalued at current levels; sets 18-month price target of $10.

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