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Technology Stocks : STAR Telecommunications (STRX)

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To: MtnBoy who wrote (187)7/10/1998 5:30:00 PM
From: steve bruce  Read Replies (2) of 780
 
Kaufman are taking a big gamble on this. When the results are good they will have to buy back to cover themselves, thus further raising the price. There was no further room for bad news on a fundamentally sound company by the seventh. My feeling is that Kaufman may have shot themselves in the foot, just like Goldman-Sachs did recently with Amgen. Of course the other take is: analysts downgrade a stock when they know some major good news is on the way. Then they can buy it on the cheap before the major upward movement. Think it never happens? Believe me, it does!
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