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January 19, 1988

DEAD CAT BOUNCE

By CBR Staff Writer

Atlanta is the most fashionable city in the South these days, but a major stockbroking centre it ain’t, at least not yet, so if you work for an Atlanta broker with a name that sounds like an outpost of NASA, you have to come up with some pretty snappy quotes to get noticed: Paul Bloom of Johnson Lane Space Smith & Co scores full marks for his comment to the Wall Street Journal on Paradyne Corp, whose shares stood at $35 in its heyday but now languish at $4 and change – They’re going through what might be called a Dead Cat Bounce – the stock drops and that’s it.

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