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Technology Stocks : Hastings Entertainment (HAST)
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To: StockerJ who wrote (35)1/15/1999 4:07:00 PM
From: Apache Indian  Read Replies (1) of 63
 
Solomon Smith Barney issued the downgrade when this stock spiked up to 40s the day after thanxsgiving, It was strange since they were the underwriters, and ususally underwriters never downgrade their own stock like that, esp. when it was fundamentally undervalued in the first place.

Maybe they thought 40s was too much for HAST

But then the stock had just jumped up for 45 minutes, why din't they wait for it to settle down ? Maybe it could have gone back to 20's.. Why overreact and jump on the trigger like idiots in the first place ? Now they've helped push it to 12-13..I hate analysts.
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