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Technology Stocks : Command Systems, Inc. (CMND) -- Ignore unavailable to you. Want to Upgrade?


To: Y2k_fan who wrote (469)5/1/1998 5:49:00 PM
From: Superhawk  Read Replies (2) | Respond to of 1956
 
You wrote: 'Now I can buy twice the amount of shares with the same amount of money!! I can't wait to place my buy orders now. I don't mind if it drops a little further."

If one subscribes to the "Greater Cockroach Theory" (you know, if
you see one, there's bound to be hundreds more), I'm not sure
buying more CMND now is such a good idea. For the time being, I'm
sitting on my shares. However, the underwriters were impossibly
vague in their downgrade memos. What in the world did they find
wrong with the future prospects of this company? They just danced
around the issue with obfuscating phrases like "cause for concern".

Not only did the underwriters reverse glowing buy recommendations
(with a target price of 24) within a few weeks of issue, they didn't
give us any reason for their flip-flop. What do they think is wrong
with CMND? Especially what is now wrong with CMND that they
didn't discover in their exhaustive preparations for the IPO a little
while ago?

Something really stinks with this whole affair.