Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 249.89

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3:59 PM EST

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To: Proud_Infidel who wrote (35604)	7/15/2000 1:39:50 AM
From: FJB	Read Replies (2) of 70976

RE: JMHO, but I think there should be SEC guidelines and possibly laws about buying stock after a report such as today's is issued. If SSB is indeed buying any semi or equipment issues today, this is market manipulation at its worst. thestreet.com But the pendulum swung back on Joseph with stunning speed, as the chip stocks bounced back 4.5% the next day. Ironically, driving the rally was a big bullish bet on the semiconductor industry -- placed by the trading desk at none other than Joseph's firm, Salomon Smith Barney. It's unclear whether that trade -- covering some $56 million worth of the Merrill Lynch Semiconductor HOLDRs, a security that tracks the semiconductor stocks -- was executed for Salomon or for a client. But someone, either within the firm or at one of its clients, made a multimillion bet against Joseph's view. "Someone said this call is bunk," says a West Coast hedge fund trader who watched the trade post. "The irony is where the trade was executed."

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