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To: American Spirit who wrote (1252)7/5/1999 2:43:00 PM
From: upanddown  Read Replies (1) | Respond to of 1316
 
Love this Friedman Billings downgrade today. They initiated coverage with a buy on 1/5/99 - closing price 39 13/16. they downgrade to outperform on 7/2/99 - closing price 21 1/16....a mere 47% loss. The most amazing thing is that these idiots actually get paid for this brilliant "anal-ysis". Looks like a clear-cut buy signal to me though with the street's usual "love 'em when they're high...hate 'em when they're low" mentality, I'am still looking for high teens.

John