the Wired Press > Archives > Briefs

Stemming from their report of a steep decline in first quarter profits and the laying off of 1,500 employees, Morgan Stanley analyst Mark L Edelstone today issued a "weak buy" on his own company stating "Why the hell would anybody want to jump aboard a sinking ship?"

In the unprecedented move of rating their own stock, experts say this move may act as a self-fulfilling prophecy and the company may eventually cease to exist.

Morgan Stanley shares were up $0.10 in early morning trading on the NYSE.