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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: LPS5 who wrote (8925)4/5/2001 12:55:58 PM
From: Wayners  Read Replies (1) of 12617
 
Well there's two types of analysts. Buyside and sellside. Buyside provides a valuable service to institutions. Sellside helps their own firms and themselves get bonuses for unloading stock. Now I'm making an assumption that growth mutual funds that follow the momentum investing style use buyside analysts to help them with their decisionmaking. I was talking to a small fund manager that had slowing sales data indirectly from a large CEO back in November. I think it was ORCL but he wouldn't tell me for sure. Thats just an example. I'm pretty far removed from the heart of Wall Street and yet over the past year even I have been presented with some inside information that I never gave to anyone or traded on. I had acquisition information on PRMS awhile back several weeks before they got bought out. The information is out there and those with the right contacts, definitely not me have access to a lot better information than what I have. I saw a growth momentum fund manager interviewed on CNBC as I was getting ready to go to work this morning. He was busy explaining how he had to adapt his style for current market conditions. He was just a regular retail mutual fund manager. Don't you call these guys institutional guys? Maybe I have the terminology wrong. I think of retail as individuals making their own trading decisions and anybody as managing a lot of money whether its for pension accounts or retail mutual funds as institututional. Not sure what you're getting at with regard to the execution of trades.
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