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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Maarten Z who wrote (20422)9/10/1999 6:36:00 PM
From: Wes Stevens  Read Replies (1) | Respond to of 56535
 
Hay Maarten,

Luck is good! Usually when I do that the stock goes to the moon :)

I just posted this over on the tmex thread:

To: Frederick Langford who wrote (95452)
From: Wes Stevens Friday, Sep 10 1999 6:31PM ET
Reply # of 95455

Fred,
You are right PAIR has a history of disapointing, but that still took big ones to short them today.

But let's look a little deeper. Earlier today Dain Rauscher Wessels upgrades the stock from buy to strong buy. The stock jumps almost 25% Then PAIR pre-announce after the close really bad numbers. So are the analysts at Wessels just idiots??? Or do they have a big client that knew the bad news was coming and needed the upgrade today to give them the volume to get out at a profit?????

I have a hunch that we have not heard the end of this story.