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Technology Stocks : Juniper Networks - JNPR
JNPR 39.950.0%Jul 2 5:00 PM EST
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To: chojiro who wrote (3035)3/1/2002 11:20:31 AM
From: Anthony Yeung (Hijacked)  Read Replies (2) of 3350
 
"YOU WERE GAMBLING"

Was it really gambling? In hindsight maybe it was. But before you pin the blame on investors why don't you go back a couple of years. Almost every single analyst, brokerage house, financial advisor and financial commentators preached the virtues of stocks like Nortel. The airwaves, both in Canada and the US, were filled with stiff-necks telling investors that Nortel is a MUST HAVE in everyone's portfolio, even at $120 CDN. These same stiff-necks were back on the air telling us how Nortel is such a bargain as it slipped down to $75 CDN. Suddenly these same snake oil peddlers are telling us that Nortel is overpriced at $5 CDN.

It seems to me, chojiro, that you wouldn't recognize a SCAM if it hit you on the face. You are too quick in blaming the investors. Yet these same investors based their decision on the advice of these so-called "professionals". Professionals who supposedly worked for reputable organizations. The investment decision was based on information provided to us by these so-called professionals. We are suddenly finding out that much of this information was embellished by CEOs and financial auditors which wined and dined these professionals who in return used their credibility to sell garbage to the unsuspecting investor.

If I were you I wouldn't sit on my pompous perch and call it gambling, SCAMMED is a more appropriate description of what really happened. People like you who refuse to point the finger to the right culprit is simply more fodder for yet another scam in the not too distant future.
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