Thursday, June 08, 2006

Irrational Selling?

Parlux Fragrance (PARL) is currently down 13% because of a downgrade by Wedbush Morgan due to poor visibility on their Paris Hilton perfumes. One has to wonder why they would do this the day of the earnings, before the earnings? Why not wait until after the earnings? The whole thing smells wrong on behalf of Wedbush, and this could be a great buying opportunity

DISCLOSURE: I maybe long the stocks mentioned above for myself and clients. Not a recommendation to buy or sell any security. For informational and educational purposes only.

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