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Technology Stocks : Intel Corporation (INTC)
INTC 35.10+2.3%Nov 19 3:59 PM EST
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To: Lyle Bean who wrote (92410)11/14/1999 8:53:00 PM
From: Burt Masnick  Read Replies (1) of 186894
 
re:'dont second quess Merril Lynch.'

ROFLMAO - They had an analyst on Intel for years who was the laughing stock of the street. He told people to sell - that's SELL - Intel when it was around 50. Then when it went up to about 75 he told them to buy - that's BUY. He was roundly ridiculed for this on Wall Street Week with Louis Rukeyser about 3 years ago (I think that was 2 splits back). ML is another broker, bigger but not necessarily any better than any other. They can swing a lot of weight short term, but remember that in the short term the market is a voting machine - in the long term the market is a weighing machine. ML can push a lot of votes in a hurry, so they can cause fluctuations. If an analyst makes sense and has a good track record, by all means use that advice. If an analyst has a spotty or poor record - and a startling number do - do some very strong due diligence and independent research before committing your hard earned money. But never bow down before any analyst. They all have batting averages well short of 1000. Many are horrifyingly short of 500.

Good investing - By the way I stole the voting/weighing remark from Benjamin Graham, the dean of modern investment analysis and the teacher of Warren Buffet.
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