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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: bobby beara who wrote (15738)8/19/2001 11:29:05 AM
From: Challo Jeregy  Read Replies (1) of 52237
 
Front page of the LA Times today- above the line (!), but not the Top of the page. Does it count? <g>

When I first saw the headline, I knew I had to write you.
Then I read the article.
Not so sure now - VBG

August 18, 2001

THE NATION
Wall Street Analysts Cry 'Sell' at
Their Own Peril
Business: Most find that their bonuses, even their jobs, demand upbeat predictions
and good news.

Shortly after the Internet stock craze
began in mid-1998, Wall Street stock
analyst Lise Buyer got a phone call she'll
never forget.

The caller was a professional investor who
accused Buyer of fueling an Internet stock
sell-off by publishing a report that showed
a temporary drop in traffic at several
prominent Web sites.

The investor "just went ballistic at me,
saying how could I have been so stupid," recalls Buyer. Last
year, she quit the analyst ranks to join a venture capital firm.
Wall Street brokerage analysts have been cast as villains this year
for doling out relentlessly bullish--and, critics say, intentionally
misleading--advice to investors. But as Buyer's experience
demonstrates, it isn't easy to be forthright and unbiased in the
high-pressure and high-stakes confines of Wall Street.

latimes.com
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