Sonki:
Re: ML focus 1--PE (PECO ENERGY)
Merrill Lynch is the most DISGUSTING HOUSE out there. We have held PE since 1988 in our retirement holdings, got great dividends for years, ran up to 33 1/2 in Oct, 1993. Watched it hover in the mid to high 20's for years. This year it falls to 18! due to competition worries by the genius analysts. A SCREAMING BUY, the dividend gets cut, it inches to 20-21. Interest rates were obviously dropping, the stock is now 38 --38+-- WHAT THE F*@#* was Merrill Lynch saying for the last 10 months now that the stock has more than DOUBLED?? THEY ALWAYS MISS THE BOAT, just like Kurlak demeaning INTC--My increase in PE has been fabulous, as has been OGE, and small REITS pay great dividends; KEy in my mind is always DIVERSIFY, hold quality Cos.like INTC, and take losses as necessary. I'm holding NT even tho' it's killed after I made a nice profit on the pre-merger run-up by BAY. The brokerage houses always play the game.
One or two gems, take for what it's worth--Great income plays and great chance for appreciation after beaten down dramatically--MAL,JAMS, and HOT(Starwood--in the 20's--Next year or two it will probably double or triple, esp. after the div. goes down).
Sorry for the rant, but I HATE ML, the worst of all penguins.
GO INTC
Regards, Royco
P.S. Penn Grad working in Austin at Trilogy Corp., SAP's tiny competitor, recently had front page article in WSJ re: employee trip to Vegas, $2K bet by 1st yr.hires to show risk-taking. Front-Office software seems busier than ever. SAP stock getting killed lately. Competition is out there.
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