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To: Piranha who wrote (170)4/14/1999 12:17:00 PM
From: Johny Dancing  Read Replies (2) | Respond to of 1691
 
We were bound to get a pull back at some point. This is the kind of stock you hold for a long time and enjoy the ride.



To: Piranha who wrote (170)4/14/1999 3:35:00 PM
From: Piranha  Respond to of 1691
 
<< I also expect today's close will be no lower than the 52-53 range (barring a broad market collapse or another downgrade). >>

Unfortunately, we got both. NASDAQ is tanking (down almost 60 as I type this) and a lot of techs are following, and Warburg Dillon Read also downgraded to BUY from STRONG BUY, citing similar reasons to Morgan Stanley. FYI.

Piranha



To: Piranha who wrote (170)4/14/1999 7:32:00 PM
From: Ieng Lao  Respond to of 1691
 
Most of time brokers downgrades the stock so that they can
buy with great discount. People panic and sell much as they
can while continually to buy. If the brokers don't downgrades
stocks, how can they make money.

PCS is a good to own and hold it for long term. Good luck to all.

Ieng


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