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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: besttrader who wrote (26244)6/6/2001 2:50:41 PM
From: Dave Gore  Read Replies (1) | Respond to of 37746
 
MFNX - now I know why it backed off the last couple hours. Salomon cut target from $25 to $15 and reduced revs. Nothing serious but MM's like to use info like this to try to tank people out. It may indeed kill the momentum, but Salomon did NOT issue a downgrade.

I have no respect for any company waiting until NOW to reduce their price forecast from $25 to $15. The stock is at $5+ idiots! Where have you been, Salomon?! Why anyone takes these guys seriously is beyond me.

It is not even unusual for analysts to issue reprots like this so their clients can get in at a cheaper level. So go the games in this business.

Ditto on Strong Buys - they want to sell out their clients into the buying.

We'll see.