C-Cube Message Board - Msg: 9388413

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Technology Stocks : C-Cube

CUBE 37.08

+0.4%

Dec 2 3:59 PM EST

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To: DiViT who wrote (40624)	5/7/1999 1:01:00 PM
From: BostonView	Read Replies (1) of 50808

If a brokerage initiates coverage with a BUY or STRONG BUY (as lehman has three times now) on a stock but the market laughs in your face, the SEC allows you to drop coverage after two months and then pretend you never heard of the once-loved pick. The analyst must then wait 30 days (like "wash" rules for traders) or for three internet IPO's to triple in value, whichever comes first, before covering the stock again. If you've been made to look foolish three or more times within two years on the same stock (eg lehman & cube) the SEC allows you a free pass for "initial coverage" rating. I think they do this so investors don't think the firm stutters, as in, "re-re-re-initiates coverage with a BUY". That's what I heard anyway <gg>. BV

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