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Non-Tech : Raptor's Den

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To: velociraptor_ who started this subject	7/17/2002 11:08:29 PM
From: rmullin6044	Read Replies (2) of 10157

A lot of people think the game is rigged so I offer this observation. I had been shorting COF in the 60 range and covering with moves of a couple points. (I covered before the big plunge). After today's big plunge I recalled that Lehman had added COF to it's list of 10 uncommon values. From Briefing.com: 27-Jun-02 07:27 ET Lehman names 10 Uncommon Value picks (OPENX) : Lehman announces their picks for their 10 Uncommon Value's Fund: AIG, APOL, BBBY, COF, HRC, KLAC, MCK, PFE, WEN, and WY. I did a rough calculation of that list's performance since June 27 and discovered that the group was down an average of 17 1/4% while the S&P was down only 8%. KlAC was the only one which didn't tank. So the point is: It would appear that Lehman needed to unload some shares. And the question is: Are people so blind that they can't see what kind of crooks they let handle their money?

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