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Politics : Ask Michael Burke

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To: yard_man who wrote (45234)	2/1/1999 10:43:00 AM
From: HB	Read Replies (1) of 132070

Here's another upgrade <G> biz.yahoo.com Some beeootifull analyst-speak: "Lovoi said he cut the oil drilling companies to focus on the bigger international names in the group, to position Morgan Stanley to take a more offensive position on the group in the second half of 1999 and to highlight the better-performing companies, such as Schlumberger. Am I incorrect in reading this as "We are downgrading this stuff so we can buy it cheap now and flog it to you later on this year?" You thinking of a 2nd third also? I may take a more offensive position at 5-6. Cheers, HB

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