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Strategies & Market Trends : Rande Is . . . HOME

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To: Robert V. Cavaleri who wrote (19507)	1/27/2000 9:31:00 AM
From: Rande Is	Read Replies (4) of 57584

DELL. . . issues serious earnings warning. . . UPGRADED by 5 major brokers. . . Why? If you don't know the answer to this, then you have not been paying attention. . . and need to read through some of our archives. These brokers were caught holding long. . . . and are in FEAR that the stock will sell-off on this bad news. . .and sure enough, it was trading down 3 in after hours. But by issuing simultaneous upgrades, they can manipulate the price higher or "prop" it up long enough to dump into the buying they create. This is a common practice, which is "accepted" by the SEC. . . .but take note. . . .if YOU issue your own upgrade on Dell, for the purpose of dumping into the buying you create. . . .there are now nearly 200 federal securities agents watching these online message boards. . . ready to pounce on you for manipulation. . . Same thing goes for downgrading vs. bashing . . .for the purpose of buying lower. . .or short-selling. When professional brokerage houses , anal-ysts and other brokers do it. . .it is acceptable. . . when individuals do it, it is a securities violation. I believe we need a voice in Washington. Just a quick morning rant. Rande Is

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