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Non-Tech : SWS - An undiscovered gem

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To: Rita who wrote (219)	5/19/1999 7:59:00 PM
From: William F. Wager, Jr.	Read Replies (2) of 504

DJ Southwest Securities Up Again After Putnam Lovell Note NEW YORK (Dow Jones)--Southwest Securities Group Inc. (SWS) shares rallied to a new 52-week high Wednesday, extending gains made in the wake of a buy recommendation from analysts at Putnam Lovell de Guardiola & Thornton. A Southwest Securities spokesman said he wasn't aware of any reason besides the buy recommendation for the increase in the company's stock price. The NYSE-listed shares earlier rose as high as 77 7/8, past the previous ceiling of 69 3/4 set Tuesday, when the stock closed up 7%. It recently traded at 76 3/16, up 6 7/8, or 10%, on volume of 751,200 shares, compared with a daily average of 367,600. Putnam Lovell initiated coverage of Southwest Securities Tuesday with a buy recommendation, bringing the number of securities firms that follow the company to three. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ It is hard for me to believe that this note moved SWS so dramatically! --Bill

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