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To: Sam Citron who wrote (2676)11/13/2002 10:09:16 AM
From: Sam Citron  Respond to of 13403
 
S Bot 400 19.84 Buying on GS downgrade sell-off.
7:46AM Goldman downgrades Sears to Underperform (S) 22.70: Citing the company's MasterCard chargeoffs of 13.9% in the Sept quarter, Goldman Sachs downgrades Sears (S) to Underperform from In-Line. Firm believes Sears may have to increase chargeoffs and reserves more than they have modeled in the past.