Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (25390)	10/6/2000 2:56:06 PM
From: Gary M. Reed	of 436258

Great street.com piece on the Priceline analyst whore-fest. Aptly titled "Dissecting a Sheep: Inside Salomon's Shameful priceline.com Advice": thestreet.com I particularly liked this line: "Now he tells us. I'm sorry; that just doesn't cut it. Albright and the rest of the sell-side sheep masquerading as analysts owe investors an apology at the very least. They are in the business of offering investment advice. Where is the accountability when firms like Salomon Smith Barney and analysts like Albright can issue such utter dreck and get away with it? I asked Albright what the reaction has been among his firm's clients to his utterly mistaken reports. "This has not been an institutionally held stock," he said. "The bigger institutions were perhaps more prescient than the sell side. It was a momentum stock." Translation: The little guys owned this piece of trash. That certainly makes me feel a lot better. Not." Hehe, not a big deal, since our institutions didn't buy the POS...let our sheeple retail brokers deal with the margin calls...LOL!

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