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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Walls who wrote (11418)	1/8/1998 10:29:00 AM
From: TheInvestor	Read Replies (1) \| Respond to of 77400

I do business with Merril Lynch, have been with them for over 12 years. My broker is not going to give me a BS line. I know them pretty well. If they say it to me its as good as money in the bank in my book. Now, if they were to go on record in deception, they would not last very long in this business. In fact SEC will have their hide for breakfast if they did. Buy the way the recommendation was for a long position not a daytrade or short position. Looking at some other stock quote sites, they recommand that people cover their short position in CISCO now, the technicals are not pointing to a down trend but more up trend. So any of you shorters out there, watch your butt it will get fried.

To: Gerald Walls who wrote (11418)	1/8/1998 8:21:00 PM
From: JRH	Respond to of 77400

>>As far as trusting the brokerage firms you'll find that they are for profit business, not philanthropic organizations, and they do not exist to make you richer. Often they will recommend a stock that one of their funds is trying to sell and very rarely will they lower a recommendation before a stock takes a significant hit. You'll also almost never see a "sell" recommendation because they're afraid of pissing off companies and losing investment banking clients. Who do you think Merril Lynch cares more for, you who are getting their recommendations for free or some company paying them millions in investment banking fees?>> Well, that sure hasn't stopped the analysts from giving ASND sell recommendations!!