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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: Rashid Garuba who wrote (28760)4/11/2002 7:07:17 AM
From: Rashid Garuba  Read Replies (1) of 59879
 
An example of the sins of the 90's..

SAN FRANCISCO (CBS.MW) -- Don't count on any changes in the way Merrill Lynch does business after a fiery report from the state of New York that charges the firm with " a shocking betrayal of trust" against individual tech investors.

The report, based on a 10-month probe by New York Attorney General Eliot Spitzer, grabbed nationwide headlines earlier this week. It revealed that Internet stocks labeled internally by Merrill employees as "such a piece of crap, "going a lot lower" and "falling apart" carried some of Merrill's highest ratings.

cbs.marketwatch.com

I seem to focus on these things a lot.. but they really p*** me off.. and they are plain wrong and should be punished.. If I steal $100 or shoplift I will be arrested but those on wall street steal a lot more and smile all the way to the bank.. The SEC needs a much bigger budget.. perhaps a few hardened IRS auditors could give them a hand now that the IRS is "nice"... I know all investors should do their DD but give me a break! This is why TA rules..

For as long as those in Washington keep getting greased this will go on...

Rashid
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