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Technology Stocks : J.D. Edwards debut! (JDEC)
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To: Caxton Rhodes who wrote (394)5/4/1999 9:00:00 AM
From: Philip W. Dunton, Jr  Read Replies (1) of 583
 
Further to my comments yesterday about brokerage firm research (I used to be a Merrill broker), I see that Morgan Stanley went to a "strong buy" on JDEC on 08/31/98 at the eye watering price of 40!! Hence, buy at 40, sell at 13 (hold is the politically correct equivalent of a sell). Smart Money is right on their article but perhaps a tad early and Morgan Stanley is dead wrong. This is further evidence that brokerage firm research is an expensive ticket to the poor house. PD
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