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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TFF who wrote (7267)5/17/1999 2:24:00 AM
From: CanynGirl   of 12617
 
This was just too funny:

Wall Street Is Whispering on Gossip Street, USA
By Eric Moskowitz
Senior Writer
5/16/99 12:15 PM ET

Who would have expected Wall Streeters to stoop so low?

Investment pros have always been gossip hounds. But lately they have been rummaging the online chat boards for corporate morsels -- and spreading them around. Essentially, some of the high-paid gurus who castigate individuals for lazily trafficking chat boards are doing no better.

Last month, for example, as Network Solutions' (NSOL:Nasdaq) stock was going through the roof, one worried money manager says he called an analyst to discover what was happening. "I don't know what's going on," the analyst said. "I've read the chat boards and I didn't see anything." The response "sent me tumbling off my chair," the manager says.

thestreet.com
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