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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Joss who wrote (10649)	11/30/1997 8:58:00 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 94695

Hi Joss, >>Joan posted that ML had said to be only in the highest quality stocks and that they seemed pessimistic. Only a few days later, on Yahoo news release, was an article stating that they had a buy on AOL which was, according to Joan, in their risk portfolio! The recommendation for selling into rallys and holding high grade stocks came from the three top strategists at ML after the crack in the market. They were recommending stocks that had steady earning capability over a long period of time. I took this to be their lowest risk stocks with a rating of A. Stocks like GE fall into this category. These fellows were talking to all ML's clients and some have to be invested. Take it for what it's worth. The AOL and other recommendations with risk rating lower than A I look at is churning. AOL is a investment grade "D" rated stock, translated that means a "high risk" stock. The analysts at ML have to earn a living but for a stock to get a grade of A it must pass a highly scrutinized criteria and be approved by the top level folks in their research department. One has to dig deep to find an A "low risk" rated stocks at ML. Joan