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To: Glenn D. Rudolph who wrote (103269)5/11/2000 11:36:00 PM
From: Hobie1Kenobe  Respond to of 164684
 
Glenn,
From Cramer in the Street.com tonite:

thestreet.com

Take Goldman Sachs' upgrade of Brocade (BRCD:Nasdaq - news - boards). At one point Thursday, Brocade was up large. I even joked about it in Buzz and Batch, talking about how they were going to take it up. I mentioned it in my disclosure. Soon after the article appeared this stock just got raided. Just hammered. I was all over Matt "Brocade's One of the Good Ones" Jacobs about it and we called everyone and nobody knew why it fell off a cliff. Nobody was long it. Heck, people told us they were short it, not long it. If this thing was being accumulated, believe me, it was not being done on this planet.

After the close, Goldman Sachs's Laura Conigliaro put it on the recommended list. Again, this was a bolt out of the blue for everybody. No one knew this was coming, inside or outside of Goldman. But that's typical of how this business is. The recommended list is still a closely guarded secret even to the insiders at these firms. Always will be.