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Technology Stocks : Ciena (CIEN)

CIEN 203.90

-2.8%

Dec 17 4:00 PM EST

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To: Ibexx who wrote (11200)	6/20/2001 5:02:27 PM
From: jghutchison	Read Replies (2) of 12623

Ibexx, It is not just ML. This phenomenon is prevalent with just about any brokerage house. Their results are awful to put it mildly. They always seem to be 180 degrees out of phase, in spite of all their resources. Downgrading a stock at a perceived market turning point is just plain stupid, and that is exactly what the Merrill analyst did. It makes you wonder. Jack

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