Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Cameron who wrote (36621)	5/10/2000 10:04:00 AM
From: the Chief	Read Replies (2) of 62347

NAS@3500ish... Greenpuke should be happy... time to get on with life...<gggggg>... I am in a minority here with this opinion.but...... I believe that the analystsa re painting the Nas Composite, thats a litle hard to believe but bare with me on the "conspiracy theory". First the facts: 1) Many mutual funds are far to heavily weighted in cash 2) They will sustain some tax advantage losses if they remain in cash 3) All mutual funds buy thru brokerages....but increasingly have been useing Instinet (ECN) this results in substantial commission losses for brokerages Theory I believe the analysts/Brokerages are strategically placing downgrades in various sectors so as to ensure a NAs double-bottom and accomodate the mutual funds. Everytime this market looks like it is going to reverse, some large brokerage downgrades a strategic peg in the Nasdaq composite. Today it was Motorola, before it was Intel and AT&T etc. If the analysts/brokerages are successful than the "money" from mutuals will reward their hard work by being flushed thru the "appreciated brokerage" instead of Instinet/ECN the Chief

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