If you believe analysts, this may be a great buying opportunity for pcOrder.com, which provides e-commerce solutions for the computer industry. It’s extremely rare when a stock gets hammered on the same day that it’s recommended three different times, but that’s exactly what happened on Tuesday.
pcOrder.com went public at the end of last month, and its stock price has been pounded in recent days because of earnings concerns through the entire technology industry. pcOrder.com was down 6-1/4 to 64 on Tuesday, and was down to 60 in early trading today.
On Tuesday, Cowen & Co. recommended pcOrder.com as a strong buy, CS First Boston recommended it as a buy, and Goldman Sachs recommended it as a market outperform. The stock is obviously much cheaper now than it was when it was recommended. It might be worth taking a look.