Technical analysis for shorts & longs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs

SPY 681.92

-0.7%

Dec 31 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Johnny Canuck who wrote (36965)	5/7/2002 2:15:13 PM
From: Johnny Canuck	Read Replies (1) of 69345

Midway Games (MWY) 10.55 -0.66: Stock falls close to 6% on a critical co. report from the Center for Financial Research and Analysis; group questions MWY's aging of receivables, receivables reserve, capitalized software balance, and cash burn. Wedbush Morgan defends the stock today, dubbing the CFRA analysis as "flawed," with all of the information as old news. Firm remains comfortable with MWY's balance sheet and its gross margins going forward, and retains their belief in MWY as a H2 story; stresses investors will be rewarded once the co. provides better visibility into its ability to deliver high-quality titles on time. Wedbush reiterates their Buy rating and $24 price target and recommends investors use the sell-off as a buying opportunity.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next