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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (48599)	3/7/2001 6:42:29 PM
From: Rande Is	Read Replies (2) \| Respond to of 57584

A single investor has upset the whole analyst apple cart. . .and brought the scorn of every investor toward the analyst community. All: Write your representatives in congress and ask them why analysts like this have not come under investigation by the SEC. This is the sort of action that can make a difference. Blodget is merely one of many.

To: Bucky Katt who wrote (48599)	3/7/2001 9:37:25 PM
From: Bob Kim	Respond to of 57584

William, I think some of the financial media will be called into question as well. Many were loose with the facts and didn't mind hyping analyst calls whether the calls were genuine or not. I think ML could get some retractions from the CBSMarketwatch guy if they really wanted to push it. And obviously, the guy didn't read his colleague's story from a few days back titled: Blodget complaint 'frivolous,' Merrill says - Rex Nutting, which I would fault for mostly just repeating, unchallenged, what a ML spokesperson told the writer. Bambi Francisco seemed to just love to write about Blodget. Anyway this writer should have done some factchecking of his own. Blodget made a name for himself two years ago behind stocks including Pets.com, Buy.com, and Webvan* - the once-soaring investments that now are either defunct or trading for pennies.* Those stocks weren't even public two years ago. Except for a brief span for WBVN, none of those stocks soared. What's infuriating about people losing their shirts to the euphoria Blodget fueled is that Merrill potentially cashed in. The brokerage took Pets.com, Buy.com and other companies public, retaining many shares as payment as Blodget hyped their stock values. I don't see how they cashed in if they took stock as payment, especially since the stocks sank. I think their preference is usually cash.