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Strategies & Market Trends : Phil & Patrick's Picks

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To: Patrick Hebert who wrote (629)	10/7/1997 8:36:00 AM
From: PHIL K.	of 1020

Patrick< To: jim clabaugh (458 ) From: Mark Conway Oct 6 1997 10:29PM EST Reply #470 of 476 Well it was a crazy day of trading in SCOP. In the morning, the market makers were calmly offering some SCOP for 12 3/4, and some itchy Instinetter decided to desperately unload it for 10 1/2, and all the market makers gladly followed suit to offer 11. In the afternoon, the courageous institution known as Lazard Freres (English translation - Laggard Brothers) decided to downgrade the stock, a bold move don't you agree? Okay, let's check out Level II since LAZA is a market maker in the stock. Hmm, LAZA is bidding for SCOP at the inside market. Could it be that they downgraded the stock to get people to sell to them on the cheap? In any case, their downgrade had no effect whatsoever. Long and loving it. - Mark> Patrick, MM are truly Mother fu--ers............Right?? Downgrade to buy it cheap.... Phil K. GO PHIL AND PATRICK'S STOCKS<NOE>

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