Richard Ney and the Wall Street Gang Message Board

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Pastimes : Richard Ney and the Wall Street Gang

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To: ccryder who wrote (11)	11/13/1997 7:52:00 AM
From: BenYeung	Read Replies (2) of 492

Yesterday's FOMC meeting was a lose-lose situation for stocks. Specialist havent accomplished their short cover so sure they arent going to take stocks higher. I just checked KLAC, and boy, it got to be painful. Heard about TXN, that thing was hammered too. (By the way, Richard Ney recommended TXN in the 30s range back in 1996, and still holding on and believe the stock will be a star next year and beyond. The further it goes down, the further it is likely to go up big) I am sure alot of people will step aside to play until the smokes clear in terms of the currency...and thats good for the exchange insiders. They can raise the prices without having much buyers until 98. By the way, from Ney's old book, he mentioned how investors (like us) leave the stocks we buy thru a broker in "street name." Therefore, brokerage houses have voting power using OUR STOCKS. Many directors of companies are exchange insiders and able to command the news and other manipulative issues. Today and tomorrow will be ugly.....

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