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Non-Tech : Heavy Machinery. CAT DE CSE DDC CUM -- Ignore unavailable to you. Want to Upgrade?

To: Paul Berliner who wrote (37)	3/18/1999 4:25:00 PM
From: SKIP PAUL	Respond to of 190

Broker recommendations on CAT: nordby.com

To: Paul Berliner who wrote (37)	3/18/1999 5:27:00 PM
From: Stormweaver	Respond to of 190

When SSB talks people listen ... although they didn't show anything concrete to back it all up! They're idea is that that CAT CSE and friends are already so depressed that any good news will cause immediate +ve reaction in the stock price. For some institutional investors these stocks are great long term low risk picks at the moment.

To: Paul Berliner who wrote (37)	3/18/1999 7:19:00 PM
From: Hoatzin	Read Replies (1) \| Respond to of 190

I think it's quite irresponsible of them to put out buys on these guys, especially companies which have only fairly recently begun to report weak results, That really is a classic! I think it is quite commendable for a major brokerage house to recommend a group of laggards like this, at what is possibly the bottom of the price cycle, before the "news" and "reported results" get better. Because by the time the news gets better, prices will already be up 20 - 50%. SSB's responsibility is to make their clients money, no? The "irresponsible" ones, IMO, are the brokers that downgrade stuff like ORCL & RAD (to take a couple of recent examples) only after they have fallen off the cliff. What use is that?