Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: JZGalt who wrote (12334)	2/21/1998 3:30:00 PM
From: marc chatman	Read Replies (1) of 95453

One interesting exercise is to check out what the brokerages do after issuing a report, an upgrade/downgrade or earnings revision. Not surprisingly, following a positive analyst report, you often see that same firm selling stock; and after a negative report, you can see the firm buying stock. I've seen it time after time, particularly with the high techs. When an investment bank (or a big customer) is caught out with shares they want or need to dump, the will pump up the stock so they can sell into strength. Anyone with access to Level 2 quotes should check it out some time. Of course, I'm sure there are exceptions.

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