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To: Bazmataz who wrote (16192)	3/23/1998 5:02:00 PM
From: Robert Floyd	Read Replies (1) \| Respond to of 95453

Merrill puts out a long-term and a near term rating on GLM. They upgraded both today.

To: Bazmataz who wrote (16192)	3/23/1998 5:02:00 PM
From: Barron Von Hymen	Respond to of 95453

I have nothing further to add, other than damn S#*$!! piss me off too. Regards, BVF.

To: Bazmataz who wrote (16192)	3/23/1998 5:11:00 PM
From: PnclNk	Respond to of 95453

Your analyst comments are on the mark. CNBC Haines has recently started being fairly critical of out of synch analyst upgrades/downgrades. He is apparently keeping a database of all their stupid BS that they hope we'll all forget. Nice to see a high profile guy embarass these jerks. To all: This thread has been the best analysis of this industry - thanks!!!!!!

To: Bazmataz who wrote (16192)	3/23/1998 6:31:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Baz, you raise some good points, but I don't think there is any real problem as long as you understand what is going on -- and you obviously do. I heard Griffith make that point. Great! The analyst shot him down. And even if he hadn't, we know the right answer; the pros know the right answer; the few people who get scared away by Griffith's comments haven't done their homework and wouldn't move the stocks anyway. If you have a level 2 rt quote screen (I don't) you can see for nasdaq trades who is on the bid and ask. You could determine, then, if Merrill (or anyone) is moving against their published recommendation. Pumping and dumping is routine, and I try to use this to my advantage. If an analyst makes a stupid upgrade, then I figure it may be time to sell or short. If they make a stupid downgrade, their firm may be accumulating, so it may be a good time to buy. CNBC Squawkbox is pretty good on nailing analysts, but that show ends at 10am. If I were a stupid or corrupt analyst, I would make sure my recommendation didn't hit the wires until after 10.