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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Adam S who wrote (16904)	2/1/2000 1:18:00 PM
From: StockHawk	Respond to of 54805

CREE - Upgrades - and Erick's Wonderful List I'm sure most of us have looked over the excellent thread summary that erickerickson put together: Message 12727393 When I reviewed it, I naturally took a look to see if he included any of my post, which he did. I was struck by one of his descriptions with regards to a post of mine on CREE. This is what he wrote: Msg # Author Symbol Note 15655 StockHawk CREE list of underwriters, with snide comments on the relationship between underwriters and "buy" recommendations. I must say I was struck by the fact that he termed my comments snide as opposed to perhaps critical, or jaundiced or even savvy. I was tempted to comment on it when I read it, but thought I would wait. Take a look at what I wrote and what happened today. Here is the original post: -------------------------------- To: unclewest who wrote (15650) From: StockHawk Wednesday, Jan 19, 2000 2:24 PM ET Reply # 15655 of 16919 >>cibc raised cree to 120 this morning. this was followed by pru raising the target to 158 a bit later.<< Lets give CREE management credit here for understanding how Wall St. works. They hired a pack of investment houses to underwrite their very recent secondary stock offering. Sure enough, two of those underwriters have followed through with nice buy/target reports. Keep an eye out for one or two of the others to follow suit (B of A, Soundview and Morgan Keegan). ------------------------- Today, B of A issued their glowing report on CREE and the stock is up. From the market's reaction, I guess the upgrade was a surprise. Seems to feed into today's discussion here on market efficiency. Or perhaps I'm just being snide again <g>. StockHawk PS. Less anyone think I am being critical of Erick, I am not. I think his work is superb, I love his summary - and I am just having a little fun with it. (I'm sure many people consider me snide, and that's on my good days.)