Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: Bob Kim who wrote (9616)	4/10/2002 11:18:44 AM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 19428

<<, I think ML may have unintentionally backed itself into a corner by defending the GoTo downgrade as the right call. If it was so right, why was ML trying so hard to get the underwriting business for a stock it felt should be downgraded?>> I guess they could use this as prima facie evidence that their "Chinese Wall" was intact, and that the equity analyst was truly quarantined from the investment bank operation. Maybe they were in this one case, but it still doesn't mean there weren't egregious violations in many other instances. OTOH, the downgrade just hours AFTER they lost the IB deal smacks of pettiness and vindictiveness, legalities aside. Using Blodgett's "past bullishness as a selling point" will cause problems for them, IMO.