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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (8608)	4/20/2001 12:56:54 PM
From: AugustWest	Read Replies (1) \| Respond to of 15481

Tim and John, you might find some interest in this I was talking in PM with someone this morning. I did grab some but changed my mind(after the arba earnings this morning) and will just dump it if it falls below 5 3/4 ~~~~~~~~ You know about my personal sort of disdain for PPRO because of the Lehman BS a number of months ago. Well, that was when it was in the 70s(35s split adjusted). Then there was that bit in Barron's that really thrashed the CEO, the company, and the accounting practices, right. So the stock has fallen to 2 1/2 and is now sitting at 6.20 AH/ pre market. I'm thinking of buying some, and maybe buying more if it falls to 5.75. If I'm right, it could be a huge score. Here's my rational. First the letter from CEO to shareholders stating he will not sell any stock until it hits $15 #reply-15691816 But to combat that I have to wonder how much more of his stock his creditors can/ will sell #reply-15691801 making his letter(first link) smell really bogus. Now back to some positive spin: Lehman is back at it with this pre earnings opinion #reply-15692002 to build/ hype things a bit. Add to that CMRC's(getting a downgrade today to hold from buy) earnings last night. CMRC up 34%ish yesterday(but giving some back; 1/2 pt.) ARBA up 16% and more in AH on CMRC earnings. ITWO up from yesterday's close in premarket. ARBA announces earnings today, before market opens. PPRO reports on April 25th biz.yahoo.com So there might be time for a breather in the market before PPRO reports. I don't know if it's(PPRO) still a big hoax and going back to under $5, or if it has the potential to rise above again, especially if the B2Bs coming back into favor lasts more than the pop we have already seen(PPRO up over 100% from lows set last Monday). Here's the negative WSJ article #reply-15293709 And here are the Lehman notes that initially set me off on my "short the POS" hate affair with them #reply-15264435 Now I still think Lehman is a bunch of scum bags, and not sure about PPRO, but from the most recent Lehman comments about PPRO(second link in this message), I would almost half believe that they are privy to information coming out at the next earnings announcement. So whatcha think? Am I just putting out too much effort<GGG> and maybe I should just stick to day trading? But I guess in my most optimistic view, this could be a $15-$20 stock again even if for a brief moment.

To: Logain Ablar who wrote (8608)	4/20/2001 1:26:34 PM
From: John Pitera	Read Replies (1) \| Respond to of 15481

Tim, I have not listened to either the CMRC or ARBA conference calls, I'll do that this weekend. I think that SEBL and PMCS sound like they had informative cc's so those might be ones to hit if one has time. I notice that CMRC got right up near the 50 day sma and that's where the sellers came in. CIBC with a cautious take. on balance we are seeing downgrades today.... Commerce One (CMRC) 11.22 -2.49: -- Update -- CIBC Wrld Mkts downgrades to HOLD from BUY due to recent stock appreciation and extraordinary cash drain during quarter; cash and short term investments declined $90 mln despite a $14.7 mln increase in debt; at the current burn rate, CMRC would run out of cash before year end.