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To: Glenn D. Rudolph who wrote (115408)1/16/2001 3:46:47 PM
From: Bob Kim  Read Replies (2) | Respond to of 164685
 
did he really not know ICGE, VERT, AMZN, PCLN, etc. were value rather high in Feb and March of 2000 or did he not wish to say that?

Glenn,

One of difficult questions they might have to face is why were they recommending stocks with price targets that implied negative returns: on 1/3/00, ICGE at $170, price target=$62.50. It's not as if they weren't allowed to raise price targets: between 12/31/99 and 4/20/00, Blodget raised the price target on INSP from $180 to $700 on a pre-split basis. Now they won't even acknowledge the existence of many price targets.



To: Glenn D. Rudolph who wrote (115408)1/16/2001 4:40:50 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164685
 
<<Blodget and Merrill likely have deeper pockets than you. Maybe not-;>>

yes they certainly do Glenn! :-)

<< This is the point. I guess using Blodget as an example, did he really not know ICGE, VERT, AMZN, PCLN, etc. were value rather high in Feb and March of 2000 or did he not wish to say that?>>

yup. Then there's the other side of the coin- there's been a few analysts who were "invited" to leave the firm after they said what they really thought about a covered stock!
Victor

ps, bought a little WIND just before the close at 33.50