Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who started this subject	6/6/2002 8:23:12 AM
From: Prophet	Read Replies (1) of 16631

Merill Lynch downgrades INTC from Strong Buy to Neutral (Basically a sell). This is three months after they were strongly pushing for INTC. They wait until one day before the INTC update conference to do it, and exactly when economy data keeps pointing to an increasingly better future. Then again, there is no upgrade after a "strong buy"; better to bring it back to "neutral" so they can recommended right back. To show how much of a manipulative play this is, and how the controlling forces operate, Morgan Stanley comes right back and makes positive comments to support the stock; as if to say to Merill Lynch: "Screw you, you ain't going to screw my clients/interests at this time". Surely, for the small investor or trader there is no easy way to beat the system. So hold your horses before the dust settles.

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