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Strategies & Market Trends : Pump and Dump

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To: flint who wrote (75)10/8/2001 2:08:22 PM
From: RoseCampion   of 149
 
FLINT, looks like the BUD call was a timely one. Currently 39.40, down 6% from your initial price of $41.86.

-Rose-

BUD struggles following downgrades
(from FT.COM, 10/08/01)

Shares in Anheuser Busch fell on Monday after two analysts warned that beer consumption was likely to fall in the wake of the September 11 terrorist attacks.

UBS Warburg estimated that the world's largest brewer suffered a 5 per cent decline in volumes in September. In the three months before the attacks, it had seen a 2.1 per cent increase in domestic beer shipments, and expected a 1.5 per cent rise for the year.

Deutsche Bank lowered its rating on the company from strong buy to buy, while UBS Warburg cut its recommendation from strong buy to hold. The shares were down $2.33 ot 5.7 per cent at 38.77 by early afternoon.
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