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Politics : Ask Michael Burke

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To: Les H who wrote (73282)	1/11/2000 6:17:00 PM
From: Knighty Tin	Read Replies (2) of 132070

Les, Telling someone to buy or sell while you are doing the opposite is as old as stock investing. In fact, it became so common among stock brokers that a version was called "the IBM hustle." IBM was very volatile, so a broker would call 100 people telling them to buy IBM, he knew it was going up because he has an "in" at the co. He then calls another telling them to sell or sell short for the same reason. Then, when IBM moved dramatically one way or another, the broker would have 100 people willing to hear his next idea. I don't know what Tokyo is doing and if he is guilty of anything. But I don't think it makes sense to get your readers going one way while you go the other. It wouldn't seem that there would be enough of them to make that much difference in the market place. Now, pulling the IBM hustle under another phony net name is a better profit idea. Which is why I also write about Intel under the net name "Paul Engle." <VBG>

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