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Technology Stocks : Manugistics, Inc. (MANU) -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (605)	5/22/1998 11:12:00 AM
From: Jay Rommel	Read Replies (1) \| Respond to of 1670

There seems to be something wrong with the downgrades? BancAmerica Robertson Stephens downgaraded MANU from buy to long term attractive. Morgan Stanley Dean Witter downgaraded MANU from BUY to NEUTRAL. BT Alex Brown cuts MANU from Strong Buy to Buy. Now, my questions "Manugistics said after the close Thursday that it would not meet analysts' earnings and revenue forecasts for its fiscal first quarter and would report an operating loss." I am not an analyst, but every Tom, Dick and Harry can downgrade this stock based upon the information released by the company yesterday. Why are all these MORONS jumping on the downgrade bandwagon when everyone already knows the bad news the day before?