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 wrote (5822)	10/14/2001 12:26:23 AM
From: rupers	Read Replies (1) of 6873

ALGX. fwiw - UBS Warburg downgraded ALGX from Buy to Hold on Friday. ALGX fell after hours to 6.10. It probably rode the draft from JNPR's "good" news on Thursday (which was a lot of malarky). Michail, make sure you keep track of the $ 100 billion economic stimulus bill that the House of Reps are playing with. Sounds like there's still a lot of internal wrangling going on between the Dems and Repubs, but the House Ways and Means Committee let it go to the full House now. I personally think it'll get tangled and eventually pared down, but it has some incentives for companies to increase their CAPEX, which is a provision that I think will eventually be included in a final version. If the bill eventually looks like it'll get passed by Congress, it'll be enough to cause a pop in some of those companies whose financial health depends on increased capital expenditures.

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