Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TechTrader42 who wrote (34649)	4/23/2002 12:15:07 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

The greenback is hanging on to a pretty big support here: cache.wsrn.com Been having fun lately with a site called Investars that tracks analysts' performance; here's today's dispatch: "WorldCom (WCOM) was Downgraded by Kaufman Brothers, USB Piper Jaffray (#15), Goldman Sachs (#4), Salomon SB (#5), CSFB (#10), AG Edwards, and Merrill Lynch to a Buy, Outperform, two Performs, and three Sells at $3.98 on April 22, 2002, thanks to WCOM's announcement of less annual revenue than expected. "WorldCom Group, of Clinton, Mississippi, provides communications services to more than 65 countries. "Also chiming in on April 22, 2002 was CIBC World Markets, with their smug reiteration of a WCOM Perform. And with the plethora of new downgrades, WCOM's StarRating shoots to a bearish -.6 Underperform. "WCOM began its career at 25 cents on January 2, 1987, and immediately ran into some static, dipping 1% to its all-time low of 24 cents in its first week. That's when WCOM dialed up a spectacular 25,978% gain to its all-time high of $64.50 on June 21, 1999. Not a bad 12 years! However the next three years almost managed to wipe it all out, taking WCOM down 94% to bottom at $3.89 on April 22, 2002, before bouncing back a bit. Now at $4.02, WCOM is 2% above its recent low of $3.89 intraday on Monday, and 1,517% above its all-time low of 24 cents in 1987. Of course, WCOM is still 93% below its all-time high of $64.50 in 1999. "According to Investars.com, Morgan Stanley (#1) has been the most accurate investment bank covering WCOM (167% gain since April 24, 1997), and therefore Morgan Stanley is awarded the WCOM Midas Investars Award. Morgan Stanley made a great call by upgrading WCOM coverage to a $17.42 Strong Buy on May 6, 1997. And after a two-year 251% gain, Morgan topped it off by downgrading WCOM to a $61.25 Outperform on June 8, 1999, just two weeks shy of WCOM's all-time high! Good timing and good direction, Morgan! Currently, Morgan Stanley maintains a WCOM Perform rating." And speaking of great calls, I thought this one at the October 1998 bottom was a particularly good one -g-: Message 5964431

To: TechTrader42 who wrote (34649)	4/23/2002 2:53:30 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 52237

Well I don't know a good reason to buy and hold unless you get a stock on the cheap (value cheap not cheap compared to the high) and it pays a good dividend....3+% yield. The fly in that ointment is how do you determine value with all the book cooking that went on. Discounted cash flow etc ...maybe. Look at the cash T raised and has steadily consumed.... Now to SBC. SBC's gap down this morning did stay above the low of yesterday which made it a perfect set up for a quick trade (and maybe longer but I am into quick ones right now). Monty