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First Boston downgraded MER today.
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----- Original Message -----
From: Gitanshu Buch <onwingsofeagles@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Wednesday, January 24, 2001 6:04 PM
Subject: [RT] Re: STK: MER
> Additional comment - I had my quarterly data keyed in wrong on my
> spreadsheet, turns out that YoY earnings growth was low single digits
> for the 4th qtr reported yesterday - so MER drops out of my CANSLIM-
> derived screen of high growth companies for at least the next full
> year. I don't anymore care if it breaks out again or gets great
> mention on IBD etc.
>
> Thankfully, the error cost 2 points - very little money considering
> the lag between the commitment and the discovery - and shone a lot of
> focus on some errors people like me take for granted won't happen:
>
> - That we will not make stupid data entry mistakes.
> - Fundamentals rule and therefore won't be compromised, no matter how
> good the price pattern - esp for what are intended to be position
> trades.
>
> Sharing the above for general benefit.
>
> Standing aside, it looks like the market no longer accords MER, SCH
> and MWD blue-chip status in the business. GS seems to be gaining
> ground here, as is C.
>
> Times change.
> Gitanshu
>
>
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