Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (61048)	10/21/2000 10:31:26 AM
From: RockyBalboa	Read Replies (2) of 122087

Anthony, nice read: siliconinvestor.com ...................... It isn't only the actions of individuals on message boards that raise eyebrows. Analysts at Wall Street firms sometimes issue buy recommendations on stocks at the same time the firm is selling the same stock. On June 5, for instance, Goldman Sachs Group Inc. analysts Jamie Friedman and Thomas Berquist reiterated their rating of FreeMarkets Inc. as a "trading buy," one of three terms Goldman applies to stocks it considers a buy. FreeMarkets shares climbed $4.25 a share to $54.75 the day the report was issued. Just two days later, Goldman filed documents with the SEC indicating that it intended to sell part of its stake in FreeMarkets on or about June 7, when a lock-up barring insider sales of the stock expired. Goldman filed to sell additional FreeMarkets shares July 31, six days after it reiterated its "trading buy" rating. "Investment research and our principal investment activities act independently of each other," says a Goldman spokeswoman. "Each adheres to strict firmwide and business-specific guidelines and prohibitions surrounding market transactions."

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