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To: Mike Learner who wrote (1614)3/20/1998 6:09:00 PM
From: Howard Bennett  Respond to of 2389
 
Who are these guys selling on Strong Buy recommendation?

Presumably the clients and friends of Morgan Stanley Dean Witter Discover and Spencer Clarke.

It is possible that Clarke was just a rube in all of this...

Ok....who bought at the open today? Can I have a show of hands?



To: Mike Learner who wrote (1614)3/20/1998 8:26:00 PM
From: kas1  Read Replies (1) | Respond to of 2389
 
be careful thinking that recommendations are always a contrary signal.

remember that today was options expiry, so the action was weird (lots of side bets being reconciled, hedges being installed, etc).

last time we got a bunch of strong buy recs, it was right before the climb from 29 to 42...