JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: PAL who wrote (8739)	4/13/2000 11:26:00 AM
From: Master (Hijacked)	Read Replies (2) of 24042

It is very difficult to prove "manipulation" as analysts will simply reply that they are expressing an "opinion" as their defense against any charges that might be brought their way. It is even more difficult because they ensure that their are NO links between themselves and anyone profiting from the situation (such as a friend who sells and shorts shares prior to a downgrade announcement). There is one thing that can be done however to control the abuse which everyone agrees occurs, yet is difficult to prove. Brokerage houses hold certificates for "Long" shareholders. They then borrow these certificates themselves or for some clients who wish to SHORT the stock. The SEC and other governing bodies should forbid this practice. In other words, LONG investors should be asked whether they want to lend their share certificates to investors wishing to SHORT. This can be done simply by checking off an option when opening an account with a broker. In my opinion, many of these analysts and their firms profit greatly from timely negative reports. Making our stocks unavailable to them will minimize the abuse. Vince

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