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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (25390)10/6/2000 2:52:23 PM
From: KeepItSimple  Read Replies (2) of 436258
 
Now we finally see why the analyst and banking community fought tooth and nail against the new disclosure rules.

Having that information beforehand has been a gigantic cash cow! In the past, it was nearly impossible for the retail investor to make a killing betting on warnings- because by the time the warnings were announced the big boys had already sold the stock and driven it down to the new "fair value"..

But now, we've had all these juicy warnings and seen stocks get cut in HALF in just a few hours. In the past, all the brokerages knew about the info in advance of everyone else and just walked the stocks calmly lower as they unloaded.

The bears have finally got a fighting chance to profit from wealth destruction. :)
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