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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: XBrit who wrote (4404)	7/20/2001 3:00:44 PM
From: ajs	Read Replies (1) \| Respond to of 6873

13:23 ET Peregrine Sys. (PRGN) 21.13 -3.77: -- Update -- Sources at SoundView say the firm commented on the weakness in PRGN and RMDY today; firm reportedly believes that PRGN is down for two reasons, both of which are probably already priced in: 1) PRGN might put up good numbers but reduce guidance when it reports; 2) RMDY might miss its quarter. Since firm doesn't see any new news today and believes that the pending acquisition of RMDY will be accretive, it would recommend buying PRGN on weakness.