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Tonto, No, I don't know how many people are employed at Asensio and Co., but I imagine what they do as a firm would include some reaearch and analysys of equities, proprietary trading, corporate finance, and perform traditional brokerage functions for public clients. In other words, fwiw, I think Asensio is a mainstream operation that differs perhaps from other, larger and more well known Wall St firms in that Asensio is not afraid to issue sell recc's on certain stocks. If firm A thinks AOL, for exmaple, is undervalued here, they'll issue a buy; if Asensio thinks a stock is overvalued here, he might issue a strong sell. In doing so, Asensio loses out on any banking business but at lest calls it the way he sees it. And of course, buy-recc's are shrugged off by many but let a guy issue a strong sell and he is met, like Mersault in Camus's The Stranger, with howls of execration. |
