Apex (et all):
First, FYI, I hope I'm not the "Mr. S" referred to earlier. <G>
This has the makings of an interesting thread. In following the posts up to now, it was hard to contain my own comments.
The idea of the McDo "club" is interesting. Not new, though. Back in the 20's it was a fairly common thing for a few rich guys to pump up a thinly traded stock, sell it, and short it all the way back to its origional price. After the big crash, "stock manipulation" became theoretically illegal.
I say "theoretically" because it still happens -- only now it is called an "analyst recommendation." Is there anyone else out there who has been seriously burned by an "analyst recommendation?" Or, am I the only dumb guy out here?
Merrill Lynch, in particular, has cost me enough money to pay for my kid's education. If any of you ever followed Micron (MU) and tried to gain an advantage from Tom Kurlack's "analysis," you will know exactly what I mean. Most recently, I bought Disney (DIS) calls just before ML decided that DIS wasn't worth a duck.
Any bets that ML now has a stockpile of DIS that they got at prices less than 108?
So, amigos, I sympathize with the McDo doings, but he's small potatoes. IMO.
Good trading,
jim |
