America On-Line (AOL) Message Board

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To: Jeff Dryer who wrote (27011)	7/26/1999 11:51:00 PM
From: KeepItSimple	Read Replies (3) of 41369

> This sounds like manipulation on a very big scale... so big, it makes >the penny stock games that the SEC cracks down on look like little jokes... can't > possibly be true. Jeff, you have got to be kidding. How can you be a cofounder of SI and not realize the rampant manipulation that occurs by brokerages? Open an account at any major brokerage house. Depost a million dollars or so. You'll find that the brokerage will give you a "special" call days before they issue a "buy" recommendation, and they will give you a warning before they issue a "sell" recommendation. Public recommendations by brokerage houses are meant to enrich favored clients, and nothing else. Very often- almost always- the brokerage house and their big clients take exactly the opposite position than the one they announce. I know, because I'm one of those clients. It makes me a lot of money. The problem is that there are thousands of newbie investors every day who still believe the big brokerages are looking out for their interests. Until everyone wises up, or the fed cracks down, this will continue.

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