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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (36965)	5/7/2002 2:15:13 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69345

Midway Games (MWY) 10.55 -0.66: Stock falls close to 6% on a critical co. report from the Center for Financial Research and Analysis; group questions MWY's aging of receivables, receivables reserve, capitalized software balance, and cash burn. Wedbush Morgan defends the stock today, dubbing the CFRA analysis as "flawed," with all of the information as old news. Firm remains comfortable with MWY's balance sheet and its gross margins going forward, and retains their belief in MWY as a H2 story; stresses investors will be rewarded once the co. provides better visibility into its ability to deliver high-quality titles on time. Wedbush reiterates their Buy rating and $24 price target and recommends investors use the sell-off as a buying opportunity.