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Technology Stocks : MENTOR GRAPHICS -- Ignore unavailable to you. Want to Upgrade?


To: Judy Muldawer who wrote (252)5/4/1999 12:48:00 AM
From: P314159d  Read Replies (1) | Respond to of 376
 
Goldman is playing games with this stock, raising ratings and cutting at opportune times for themselves. That they carry a lot of weight is a gross understatement for astock with a market cap below a billion and a turnover of a million shares on the good days. So they play with smaller guys like Dain, Rauscher who issued a strong buy the same day as their downgrade. They upgraded against the flow and led to a blow off day a few months back. So now the reverse. They accumulated before the other call and distributed into this one.( Can't prove that,tho, because I wasn't watching). But thanks to another rare poster on SI at ASND, I saw the same thing there and profitted from it. Here lucky once and too greedy the second. But they will be back....

They will accumulate from here only to reverse again this year with a new preferred rating. I guess the Oct. qtr. release date time frame ( A WAG). But the mgmt has a good outlook for the year so I go with that. Unless some other camps jump in here and rescue this one, MENT is dead between 15 ( maybe 13) and 11 for awhile, with that action telling the picture for lower than 11 or higher than 15.

Until then a tortuous hold. ( OR as GS says, "mkt perform")