Stride Rite (SRR) Children's Shoes, Keds Message Board

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Non-Tech : Stride Rite (SRR) Children's Shoes, Keds

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To: PaulB who wrote (82)	9/24/1998 3:41:00 PM
From: Carey Thompson	of 100

Things are getting curiouser and curiouser. New item 1) Thursday September 24, 12:28 pm Eastern Time Block Trade - Stride Rite 2,040,900 at 8-1/2, down 3/16, crossed by Deutsche Bank New item 2) Thursday September 24, 1:35 pm Eastern Time RESEARCH ALERT - Stride Rite lowered NEW YORK, Sept 24 (Reuters) - Bankers Trust Alex. Brown said on Thursday it lowered its rating on shares of Stride Rite Corp to buy from strong buy. -- Further details not immediately available. -- Stock off 1/4 to 8-7/16. Based on the unexpectedly good earnings news of this morning, News item 1, the trade is understandable (hit it while its hot). But the lower price just confirms there are not many buyers in the current bear market. New item 2 is truly goofy. Bankers Trust Alex Brown was right in predicting increasing earnings based on the new shoe lines and contract mfg, yet this broker gives up with the price down from its recommended price, and there prediction dead on center, and prospects for increased sales and earnings better than ever. Go figure. There is alot of FEAR in the current market environment.

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