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Technology Stocks : Rockwell-Spins off Conexant (CNXT) -- Ignore unavailable to you. Want to Upgrade?


To: Carl van Rooyen who wrote (718)2/28/2000 11:47:00 PM
From: faqsnlojiks   Read Replies (2) | Respond to of 2013
 
Sounds like SG Cowen uses this guy as their own contrary indicator.

-Joe



To: Carl van Rooyen who wrote (718)2/29/2000 12:05:00 AM
From: Ibexx  Read Replies (1) | Respond to of 2013
 
Carl,

I don't think Billy is stupid. He is, in my judgement, the hatchet man for his firm in order that Cowan and its elite clients could buy the stock on the cheap.

Today I placed a buy order for 1.5 k shares. Surprising, my broker called back saying that the order had to be split four ways for execution because the selling (at that moment) was mostly done by small investors.

Cowa/Billy has to be one of my best contrarian indicators.

Regards,
Ibexx



To: Carl van Rooyen who wrote (718)2/29/2000 3:55:00 AM
From: Larry Zenith  Read Replies (1) | Respond to of 2013
 
It's not because downgrade from Cowen, it is because QCOM RFMD deal.

Message 12993809

Also tonight from TheStreet.com
thestreet.com

In a market such as this, people are easily panicked. That's what happened with Conexant (CNXT:Nasdaq - news - boards), a leader in the sizzling market of communications chips. The stock plummeted 16% Monday to close at 96 13/16 after Qualcomm (QCOM:Nasdaq - news - boards) announced it would start buying chips from Conexant's competitor, RF Micro Devices (RFMD:Nasdaq - news - boards). In contrast, shares of RF Micro shot up 21% to close at 138 15/16.

Larry