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Strategies & Market Trends : Waiting for the big Kahuna
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To: David Wiggins who wrote (9285)11/6/1997 11:43:00 PM
From: Ibexx  Read Replies (1) of 94695
 
David,

Thanks for your comments.

Small investors like you and me (assuming you are one) should remind themselves constantly that the elite analysts don't work for us--the size of their compensation packages depend upon, among other things, the following:

1) the ability to "move" stocks or create volatility for brokerage houses.

2) the ability to serve their big clients (money managers and other big boys/gals).

3) the ability to play a "supportive" role in brokerages's investment banking business.

All of the above have interests contrary to those of small investors.

Regards,
Ibexx

PS: re. FLC. I am sure you had looked at the beautifully smooth and steep charts of FLC--you hardly detected market corrections just from looking at these charts.
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