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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (36438)	7/27/2000 12:04:01 PM
From: TWICK	Read Replies (2) \| Respond to of 52051

Looking to get more in the $8 to $10 range. Here's reason why it dropped on 7/25 so much. Nothing but a scratch. Shares of Dens-Pac tumbled 3 1/2, or 23 percent, to 11 15/16 Tuesday after Thomas Weisel Partners analyst Eric Gomberg dropped his rating on the memory products maker (DPAC: news, msgs) to "buy" from "strong buy." The downgrade was based on the stock's recent run-up to a level that was within 17 percent of his price target, which he raised to $18 from $16. However with Tuesday's drop and the fact that the call was based only on valuation, one can only wonder whether Gomberg will now revisit his recommendation. "In our opinion, near-term share outperformance is unlikely given the recent run in stock price," Gomberg had told clients in his morning note. "While we believe the stock is an excellent long-term investment, in the short-term, at current levels, we believe shares are fully valued. Gomberg noted that he believes his current estimates for fiscal 2001 are conservative and could be driven higher by several near-term catalysts including new customer or program wins, or acquisitions. Twick