SSB simply wants this stock cheaper....so they can buy it....IMHO.
Typical of the houses.....upgrade when they wish to sell, downgrade when they wish to buy.
Personally, I think a new law should be set forth that no buying or selling activity can take place within 15 or 30 days, before and after making comments on a company ( the houses, fund managers, the company itself and etc....the big boys that use manipulation to their advantage. This would take away the manipulation and drastically cut down on the amount of crap we here...good or bad....get us back to the old days when things didnt change from bullish to bearish 5 times a day.....companies and the houses will have to watch what they say for one and they will be unable to upgrade and then sell shares, or downgrade and then buy shares.....i'll never forget the intel debacle...forget which major house, but when intc was still up in 60 - 70's they downgraded and spent all day long ragging on intel on every financial tv station you could find...meanwhile, they were buyers all day long after they knocked the stock down 40 or 50%....how about merril lynch and sndk....sndk up near 50 I believe. brokers were telling clients to buy the stock. The very next day, merril downgraded, stock plumetted bigtime and guess who was buying? Yep, Merril....there ought to be stricter laws to avoid the blatant manipulation that goes on.....but at the same time, since I love ntap the company, I guess I wont mind if all the major houses downgrade it and I get on board for $10...that would be very nice for me...but what about the people that bought ntap at $50 or $70 or even $120?? How are they gonna feel if ntap is manipulated down to $10 just because the big boys want to pile on some shares?
Keith |
