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Pastimes : Analysts Exposed- Jamie Kiggen (DLJ)
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To: Bernard Ng who wrote (15)11/21/2000 2:22:47 PM
From: uu  Read Replies (2) of 263
 
After following the so called analysts for so many years and studying their profession, I am convinced of the following:

Analysts are a bunch of self-serving charlatans with absolutely no dignity, integrity or shame for anyone. They are what maybe referred to as pimps willing to sell their own mother if they knew they could make a buck out of her. Through media such as CNBC these charlatans obtain the celebrity status and then using that status they manipulate the market on behalf of their special big clients. Do not refer to these charlatans as stupid, they are charlatans who know exactly what they are doing. Jamie Kiggen for example is a small sample. He is not an idiot otherwise CSFB would not hire him. The fact is none of these guys is an idiot. They are simply put self-serving con men charlatans who live off of manipulating small investors using their CNBC type celebrity status. It is truly a shame that we have laws going after Presidents for lying about their sex lives, but no laws to eleiminate these charlatans for runining the lives of millions of small investors. SEC can not do anything to these charlatans as they are protected by their trial lawyers under the cover of their rights to express their opinions and right for freedom of speech!

Their ratings of stocks mean the following:

Strong Buy: We have a tone of shares of this stock and would like to sell our shares to suckers who are willing to give us another 2% to 5% push to sell at the maximum top. We intend to sell our shares as quickly as we can.

Buy: We have a tone of shares of this stock and would like to sell our shares. However we are not in a rush and are willing to wait for all suckers who are willing to pay an extra 10%-15% to the upside before dumping the shares.

Hold: We do not currently have a position in this stock or if we do it is not much. Therefore we are looking for all suckers who are willing to sell their shares to us at 10%-15% discount.

Market perform: We trribly want to buy the shares of this stock. So please for gods sake start selling your shares to us as quickly as you can.

SELL: We buy all your shares at any price right now. So all you suckers start selling your shares to us.

These charlatans (i.e. analysts) have no shame in what they do. The only difference between pimps and these charlatans is that pimps do not sell their own mother, but the so called analysts do not mind selling their own mother if they knew it could make them a buck.

There are exceptions of course, 2 notably include: Abby Joseph Cohn, and Joe Battepaglio.

Regards,
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