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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: TechTrader42 who wrote (11204)7/9/2001 5:30:24 PM
From: Paul Shread  Read Replies (1) of 52237
 
Looks like MSFT's breakdown was helped along by SSB:

12:07 ET Technical Downgrades : Salomon Smith Barney downgrades EBAY (-4%) and MSFT (-0.5%) to Neutral from Buy. These downgrades are on a technical basis only. (Salomon frequently issues upgrades/downgrades of stocks based on their charts that do not alter the firm's investment rating on the stock).

PC ratio peaked at 1.04 in the morning, but was down to .78 by the close. Looks like no one wants insurance badly enough to hold it overnight on a modest D.C.B. on light volume. Strange.
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