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Technology Stocks : eBay - Superb Internet Business Model
EBAY 93.60-0.3%Jan 23 9:30 AM EST
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To: J. C. Dithers who wrote (4819)8/10/1999 10:23:00 PM
From: paulmcg0  Read Replies (2) of 7772
 
"How long would you last in the brokerage business if you were constantly recommending stocks that went nowhere?"

Brokers are always "blowing up" clients to use their phrase. They figure that if a customer has a loss, they may get upset and go somewhere else,but they always have customers coming and going.

There a number of books about how Wall Street really operates, such as those by Michael Lewis. If you really want to read a book about how Wall Street is often a rigged game, a swindle, I recommend the following:

* "Secrets of the Street" by Gene Marcial, a reporter for Business Week (see amazon.com )

And, according to your point of view, most of the enforcement actions taken by NASDR and the SEC that are listed on nasdr.com and sec.gov were unjustified, because brokers are such nice people.

I think your average investor is a sheep waiting to be shorn or slaughtered if they think Wall Street is an honest place.
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