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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TFF who wrote (10443)8/20/2002 3:13:03 PM
From: Bob Kim   of 12617
 
...Dr. Yanoff says he went to Merrill Lynch in large part because he wanted access to the firm’s then highly regarded research on Internet and technology companies....Mr. Skilton also obliged Dr. Yanoff’s desire to get his hands on Merrill research....Dr. Yanoff says he bought Internet Capital at $118 — a few weeks after it had touched its peak of $200 per share — and held it until it was trading at less than $1 per share.

I guess Dr. Yanoff and his broker ignored the fact that the price target on ICGE was $62.50, or considerably less than the $118 he paid. My guess is the doctor has a good case if the broker solicited the purchase.
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