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To: Director who wrote (24498)11/24/1999 6:46:00 PM
From: Director  Read Replies (1) | Respond to of 27307
 
ML's "buy" will not help after today.

Even today the trading was obviously being "sold" into. After the initial pop this morning, it was obvious that it was weak. ML always reiterates its buy when a stock is in trouble. Last month, it reiterated a STRONG buy on Tyco Intl. (TYC) and also made it their "Focus 1" stock of the month. Well, TYC, after a small pop, has traded lower ever since. Lately, ML's "pounding the table" on a stock has been a kiss of death for a stock. People aren't as stupid as they think. No successful investor would buy YHOO at these levels... they all bought at 150 and below and are now selling it to people like you.