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Gold/Mining/Energy : FLUOR Flour (FLR)
FLR 40.31-0.2%Dec 30 3:59 PM EST

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To: Keith Fauci who wrote ()12/12/1997 10:31:00 AM
From: Steve Becker  Read Replies (1) of 29
 
RESEARCH ALERT- Fluor raised in near-term

NEW YORK, Dec 12 (Reuters) - Merrill Lynch on Friday said it raised its intermediate-term rating on shares of Fluor Corp to accumulate from neutral.

-- Merrill also said it lowered its long-term rating on the shares to neutral from accumulate.

Sounds like a "waffle", raising short term and lowering long term.
I guess we should buy and short at the same time.
Personally, I've sold puts (Jan 40).

Steve
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