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Technology Stocks : Intel Corporation (INTC)
INTC 34.50+2.6%3:59 PM EST

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To: GVTucker who wrote (133340)4/25/2001 12:35:01 PM
From: Bob Kim  Read Replies (1) of 186894
 
GV, I agree it was punishment, but I don't think Osha's hands were tied by the options program. He typically likes to have his cake and eat it too. If he really thinks INTC is as bad off as he often verbalizes on ML research calls, he should put a Neutral/Neutral or lower rating on it because that prohibits a ML broker from soliciting a purchase even on weakness. A lot of chip stocks went up ahead of the recent downgrade, yet more than a dozen positively rated stocks weren't downgraded. Remember that ML's minimum threshold for a positive rating is 10% upside in 12 months.

If you invested $100K in equally-weighted portfolios by Osha's ratings and rebalanced according to changes in ratings and coverage, the Neutral-rated stocks would be valued roughly $30K higher than his Buy-rated stocks on a YTD basis.
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