Clarification:
Strong buy Recommendations were issued on 10/29/97 for the following
stocks:
CELL,IPEC,NSM,AA.
UBS Securities issuded strong buy on Cell.
Van Kasper issued Strong Buy on Ipec.
Cowen&co issued Strong Buy on NSM
Morgan Stanley issued Strong Buy on AA.
Cell: Closed at $15.07 on 10/29.On December 26, after 40 trading
days, close was $13.94 (-4.2%)
IPEC: Closed at $23.88 on 10/29. On December 26, after 40 trading
days, close was $15.13 (-36.6%)
NSM: Closed at $35.69 on 10/29. On December 26, after 40 trading
days, close was $25.69 (-28.0%)
AA: Closed at $71.44 on 10/29. On December 26, after 40 trading
days, close was at $68.50 (-4.1%.)
*** But note that AA was down to $61.06 (-14.5%) after only
22 trading days.
SLOT: Closed at $83 on 10/23/97, after Strong Buy recommendation by
Morgan Stanley. On December 26, 44 trading days later, close
was $55.25 (-33.4%.)
***At one point stock was down to $43.50 (-47.5%) after only
35 trading days.
Klic: Closed at $25.75 on 10/31/97, after Joseph Lyons issued a
Strong Buy Reccomendation. On Dec 26,1997, only 38 trading days
later Klic closed at $17.88 (-30.56&.)
TXN: On 10/31 Gruntal issued Strong Buy Rec. and stock closed at
$50.91. On Dec 26, 38 trading days later, stock closed at
$44.81 (-11.4%.).
*** 30 trading days after Strong Buy was issued, stock was
down to $42.50 (16.5%).
NB: Closed at $61.94 on 11/03, after STRONG BUY rec. was issued
By Alex Brown. 37 trading days later, on Dec 26,1997, stock
closed at $59.56 (-3.84%).
WY: Stock closed at $49.06 on 11/04/97, after a STRONG BUY Rec.
was issued by Salomon Bros. 36 trading days later, on Dec 26th,
stock closed at $48.13 (-1.8%).
*** Stock was down as low as $46.63 (5.2%) after 32 trading
days.
CSCO: On 11/05/97 Hambrecht and Quist issued Strong BUY rec. At close stock was at $56.99. 35 trading days later on Dec 26th, stock
closed at 53.19 (-6.60%)
TALK: ON 11/07, after Smith Barney issued a Srong Buy Rec, stock
closed at $21.75. On Dec 26th, 33 trading days later, stock
closed at $20.88 (-.04%).
***Stock was down to $17.50 (19.5%) after only 28 trading
days from recommendation.
BA: On 11/17/97, stock closed at $49.69 after Strong Buy issued by
Gruntal. On Dec 26th, 27 trading days later, stock closed at
$47.81 (-4.02%).
TAN: on 11/19/97 stock closed at $43.81 after Merill Lynch issued
a Strong Buy. On Dec 26th, 25 trading days later, stock was
at $35.63 (-18.6&).
Note: After 25 trading days, not one of these stocks was up after
the Strong Buy recommendation was issued.
Of those that have a 40 trading day history, not one of
these is up either !
Early Bird |
