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To: Bob Kim who wrote (114902)10/25/2000 10:34:15 AM
From: Road Walker  Respond to of 186894
 
Bob,

IF we ever get a significant rally, those ML analysts will be very busy raising their targets <g>.

From the WSJ this morning, short interest in the Nasdaq set a new record high in October. Top five are Cisco, Global Crossing, Veritas, Intel and WorldCom. Short interest on the NYSE is also at a record high. If we ever do get a rally, there will be a lot of stock bought to cover those positions.

John



To: Bob Kim who wrote (114902)10/25/2000 3:49:03 PM
From: Paul Engel  Read Replies (1) | Respond to of 186894
 
Bob - Re: 'The new ML reality at work: "Our $100 12-18 month price target was set in
happier times, and is now clearly unrealistic –
we are resetting the target to $50."

Translation:

We f*cked up big time - but it's probably you (Merrill Customer) that is taking it in the shorts.

We'd be happy to sell those NSM shares, that you bought at $55, if you like - at a price quite a bit lower - and at a handsome commission to our hard working staff.


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