Terence,
Just thought I would add some further fuel to this collective ire regarding these so-called analyst's.
To those of you defending these guys, my how quickly we forget. Remeber CWA, and who was doing the financing, getting a load of cheap shares for themselves and then peddling them for all they were worth, and then were also involved with some ownership as well, yes good ole First Marathon.
And when the story broke, it was oh well maybe we shouldn't have done that and we will investigate (something like 6-7 brokers were involved). I am sure they were heavily penalized, (hear the sarcasm?!)
Risk you say. What risk? When they finance a junior, most of the buying public does not know about it. And while they are issuing buy recommendations they are blowing out inexpensive paper. And what about these ridiculous insider trading laws, not having to report till long after the fact. What the hell is that all about. I do not mind someone making money, but why not have it on a level playing field. Terence is right, these people (most) work and thrive on the adage buyer beware and 'a sucker is born every second'.
Unfortunately another adage applies here, and it is a sad state of affairs in acknowledging this, but 'if you can't beat'em, join'em!
Regards |
