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To: DavidG who wrote (8088)12/2/1997 5:08:00 PM
From: Michael Grosz  Respond to of 25814
 
///OT///

DavidG

I agree 1000%. This morning, CNBC's Maria Bartiromo reported that Merrill Lynch was upgrading CSCO. This is, of course, after reaching an all-time HIGH yesterday. At least Mark and Joe had the guts to mention that Merrill didn't like CSCO at 45, but love it at 90. I am beginning to think that Addi is correct; Merrill had some big wigs that wanted out of CSCO, with a little more profit. According to Addi-nomics, wait for the downgrades (ie. Kurlak). These represent firms with big wigs who want in cheap.

BTW: Are firms allowed to trade shares (for the company) with knowledge of impending up/downgrades? While technically not insider info (no company participation), this would still stink.



To: DavidG who wrote (8088)12/2/1997 7:19:00 PM
From: norm chin  Read Replies (1) | Respond to of 25814
 
"...their PUMP and DUMP schemes that actually STEALS money from the small investors."

David, in this case it's probably more appropriate to say this is a classic case of DUMP and JUMP (ie he encourages investors to DUMP their holdings so that he and his cohorts can JUMP in to buy at a cost of next to nothing). It's really disgusting how some of the analysts are either grossly incompetent or have larceny in their hearts.