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Technology Stocks : Alcatel (ALA) and France -- Ignore unavailable to you. Want to Upgrade?

To: Michael M who wrote (3182)3/30/2001 1:09:13 PM
From: Steve Fancy  Respond to of 3891
 
Mike, seems most analysts are guilty of downgrading stocks after 50-75% loss of market cap. I had to laugh yesterday as CNBC was discussing Merrill's advertising push pointing out how many investors are better off with a full service firm and suggesting that many would have escaped the carnage if with Merrill. Seems to me they haven't been any better than anyone else. Seems they maintained a buy on ALA in the seventies with a target in the ninties if memory serves. It is amazing how quickly investors forget.

Gotta be near a bottom. Anxious to close this quarter out.

sf



To: Michael M who wrote (3182)3/30/2001 3:46:57 PM
From: Steve Fancy  Read Replies (1) | Respond to of 3891
 
Mike, all the downgrades probably mean we are at the bottom and it's time to buy. There was a point in time where I didn't believe big name brokers play games, but I do now. I show only about a couple hundred K difference between volume and bid and volume at ask. Not sure why the stock got hit so hard today.

regards,

sf


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