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Technology Stocks : Purchasepro.com Inc. (PPRO) -- Ignore unavailable to you. Want to Upgrade?


To: Investor Clouseau who wrote (580)4/27/2001 4:18:21 PM
From: Investor Clouseau  Respond to of 748
 
Interesting day. Prudential downgrades to "sell",while Merrill reiterates a "buy"; calling PPRO "attractive" below "$20".

Also makes you wonder why the auditors disallowed some revenue at the "11th hour".

Looks to me like Prudential got caught with their pants down during the recent run-up. One thing for sure, Prudential owes Merrill big-time because Merrill could have upgraded it to "strong buy" just to hammer Prudential; professional courtesy I guess.

:)
IC

P.S. Good job to Merrill for policing their analysts today. Making an analyst recommend based on what they actually think is a good thing. Merrill moved up to the top shelf in my book.