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Biotech / Medical : Arterial Vascular Engineering AVEI
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To: Walk Softly who wrote (174)4/27/1998 11:34:00 PM
From: Goolie2  Read Replies (2) of 410
 
Craig, interesting that you are short and I have a long position in AVEI. If there is no additional information forthcomming from AVEI it may simply be a bellweather indicator for the market. The stock did get a downgrade to neutral or market performer today by Adam Harkness, and I used the weakness to add to my long position. My thoughts are the stock has held technically, and a downgrade didn't bring significant selling in this volatile market.

Adam Harkness estimates are in sharp contrast with Goldman Sachs and Cowen. I would have to go with the big boys on this one, but it could explain the recent price action.

Thanks,

Goolie
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