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To: Jeff Dryer who wrote (27372)	7/29/1999 6:31:00 PM
From: RocketMan	Read Replies (1) \| Respond to of 41369

More importantly, I wonder what Mary's clients did? And if they sold, I wonder why?

To: Jeff Dryer who wrote (27372)	7/29/1999 6:42:00 PM
From: Dave A.	Read Replies (1) \| Respond to of 41369

Jeff, Analyst recommendations ARE the curse of death. There was a book, I believe Bernie Schaeffer's classic book, where he says he has a graph showing the price of GM plotted against popular magazine articles about the auto industry. At the bottom of the curve, TIME had an article with a title like "The Auto Industry: Does It Have A Future In America?". At the top of the curve, TIME had another article praising the auto industry and practically had centerfolds of the CEO's. Mr. Schaeffer gives the reasons for this, which come from contrarian investing. Basically, when everyone is singing your praises, your reputation can get only worse, never better. Analyst recommendations ARE the curse of death.

To: Jeff Dryer who wrote (27372)	7/29/1999 6:48:00 PM
From: Tom Tallant	Read Replies (1) \| Respond to of 41369

Jeff, Here's an interesting article: news.com Regards, Tom

To: Jeff Dryer who wrote (27372)	7/29/1999 10:53:00 PM
From: Pruguy	Read Replies (3) \| Respond to of 41369

If you could back up the statment that: Analyst recommendations can be the curse of death. then she would have been recommending it around 20 in May. Analysts have been recommending this company in mass for about a year now. If analyst are so bad, why do you think they have a following, mutual funds listen to them and brokerages are so successful. The world is not the scam you make it out to be, they just aren't always right because the analysts are people and it is not a science. What about this thought? You, as co-founder of SI and therefor a large shareholder in gnet, have everything to gain by puming this board and slamming the real analysts. I like SI, but your statements have a transparent motive

To: Jeff Dryer who wrote (27372)	7/30/1999 12:54:00 AM
From: Sonny McWilliams	Respond to of 41369

Yes. It would be interesting to know who sold and who bought. Didn't I read an exchange between you and one of our posters on how brokerages act and how they treat preferred customers when it comes to buy and sell recommendations? I think you took the know nothing etc. stance. gg. I would also like to know how the markets will work when the exchanges go public. Bad enough now. Hm. Hm. Sonny

To: Jeff Dryer who wrote (27372)	8/3/1999 8:49:00 PM
From: Jeff Dryer	Read Replies (1) \| Respond to of 41369

Where is Mary Meeker? It was reported she upgraded AOL to a STRONG BUY May 11, 1999... now a different analyst from Morgan Stanley is bearish on Internet stocks and the U.S market. So, what was Mary Meeker so bullish about less than 3 months ago? Tuesday August 3, 4:11 pm Eastern Time INTERVIEW-Morgan Stanley strategist cuts US stocks NEW YORK, Aug 3 (Reuters) - Morgan Stanley U.S. investment equity strategist Peter Canelo, worried by a cyclical uptick in inflation and weakness in Internet stocks, recommended clients pull some money out of U.S. stocks and raise their cash positions. Canelo said that while he is bullish on the U.S. economy and corporate profits, he has near-term worries about stock prices. He remains a long-term bull on stocks, but said U.S. stocks could trade sideways until the Oct. 4 meeting of the Federal Reserve's monetary policy committee. ''I expect at least one more interest rate hike (between now and then), and there may be two or three more to take rates back to where they were a year ago,'' Canelo said in a telephone interview. His comments came a day after he advised clients to reduce U.S. stock holdings to 55 from 60 percent. He raised cash to 20 from 15 percent, and advised clients to keep 10 percent in international stocks and 15 percent in bonds. Canelo expects the Dow Jones industrial average to stay between 10,400 and 11,200, and the Standard & Poor's 500 index to trade at 1,280-1,420. Canelo said the market was disturbed by rising bond yields and inflation worries, exacerbated by a rise in Monday's National Association of Purchasing Management index, plus an indicator in its report, vendor performance. Vendor performance measures how many purchasing managers see bottlenecks or delays in getting goods delivered. If they worry about shipments, the argument goes, they may pay more to ensure timely delivery. Canelo said every rise in inflation since 1946 has been preceded by a rise in this indicator. ''It moved up to 53.1 a month ago, and the Fed tightened. Now it's moved up to 54.2, and with (higher) oil prices,'' the Fed can't feel comfortable, Canelo said. ''This is (Fed Chairman) Alan Greenspan's favorite indicator.'' Canelo said is concerned about poor technical performance in Internet stocks, noting the ''head and shoulders'' pattern in TheStreet.com's index of cyber-stocks (^DOT - news). The ''Dot'' hit a lifetime high of 824.20 on April 13, slid to 543 a week later, and rallied back to nearly 700 points in June. It has declined sharply since then, and was down more than 2.5 percent to 524 on Tuesday, about 36 percent below its April highs. ''This is one of the most negative patterns, and I think there's more than a 50-50 chance we will break the neckline at 500,'' he said. ''That would be very unpleasant for investors who have borrowed money to buy these crazy stocks.'' Canelo compared the possible fallout to 1992, when the biotechnology sector fizzled after a long rally. ''It didn't cause a bear market, but the Standard & Poor's 500 Index fell seven percent, while those stocks got clocked,'' he said. ''Just in the last 48 hours, the index is down roughly nine percent. There are a lot of hurting people being forced to put up money to make margin calls, or sell other stocks to make good on their borrowing,'' he said. ''It's not a fundamental problem, but it is important enough to make me a little nervous.'' Canelo said he puts a strong support level for the Dow at 10,400 and an even stronger support at 10,000.