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Technology Stocks : Nortel Networks (NT)
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To: OrionX who wrote (8458)11/13/2000 1:33:33 AM
From: Master (Hijacked)  Read Replies (1) of 14638
 
Orion,

In all my years of investing and following the markets, I have never experienced the volatility and ridiculously high/low target prices set by these so-called investment firms. Some dotcoms which in reality had a value of mere pennies were being promoted to us as having $500 target prices. And now, the elite companies, leaders in their industries are being trashed and these same investment firms are lowering their target prices. Nothing seems to make sense anymore.

But if you stop and think about it it does make sense. Before the advent of the internet and before investors pulled their moneys out of Mutual Funds, Bonds, RRSPs (in Canada) to invest for themselves in stocks, these same investment firms were making their money by charging investors astronomical fees for transactions. Some online brokerage firms charge as little as $7 per trade. This same transaction would have cost investors $300-$400 just a few years ago. This was money netted by investment brokers. The millions upon millions of transactions afforded these firms the luxury office spaces in the downtown cores. They all drove in Mercedes and Beamers and all wore tailored suits.

With the sudden appeal of internet trading which jeopardized their standard of living, these investment firms had to find another source of income. They saw the herd mentality and ignorance of the online "do-it-yourself" investor and decided to exploit it. How easy it is for these firms to release bad reviews on a stock just after they Shorted it. How easy is it for these investment firms to hype and pump a stock just after they acquired the options for cheap.

Call me paranoid or call me a conspiracy theorist, but before you do that, simply pause for a moment and reflect on what I just said.

Cheers

Vince

PS - Out of stocks right now.
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