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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Mama Bear who wrote (2514)9/9/1998 2:29:00 PM
From: Cosmo Daisey  Read Replies (2) of 4634
 
Barb,
Don't run for cover just yet.
Supported by the Supreme Court's Dirks v. SEC decision, analysts such as the
shorts have considerable latitude in disseminating less than
positive, nonpublic information that they uncover, provided there is no violation of a
fiduciary relationship between the source of the information and the subject
company. This landmark decision is crucial to upholding the financial community's
ability to look toward short sellers and other skeptical analysts of management's
positive statements and forecasts.

Coz
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