BFRE ---GRADE:: A Pre-Open Alert on BFRE on Unusual buying in pre-market... No other indicators were detected and we alerted on activity and our opinion that BFRE is undervalued with strong cash position. News Break intra-day on BFRE -- 10/19/2000 12:50:00 PM BFRE a 'focus' at Chase H&Q
Be Free (bfre: news, chart) is bulling $1.19, or 55 percent higher, to $3.34. Volume is about 1.5 million shares, compared with a full-day average of roughly 982,000. Chase H&Q reiterated its "buy" rating on the performance marketing firm, and added its shares its "focus list." Analyst James Pettit set a 3-to-6 month price target on the shares of $6 to $8. He called the company a "quality franchise with plenty of cash." On Wednesday, the stock had fallen 27 percent, hitting a new all-time low of $2 in intraday trading. BFRE finished as # 1 gainer on Nasdaq at + 82%.