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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Skeet Shipman who wrote (40555)	6/9/1999 11:34:00 PM
From: Step1	Respond to of 94695

somewhat OT La cage aux folles... >>>Shares of NextCard (NXCD: news, msgs) shot up 7 3/4, or 21 percent, to 44 1/4 on volume of 3.2 million shares after its lead investment banker and one of its co-managers started coverage of the online credit card issuer with nothing less than rave reviews. The bankers, who helped NextCard raise $120 million with an IPO that debuted on May 14, now helped to add $330 million in stock market value on top of the company's current $1.6 billion market cap. Lead banker Donaldson, Lufkin & Jenrette initiated coverage with a "buy" rating and a $70 a share price target. U.S. Bancorp Piper Jaffray, which was a co-manager on the deal, started coverage on the stock with a "strong buy" rating.<<< Whole article at : cbs.marketwatch.com Incestuous. Well it happens all the time, it seems it can go no other way. The biggest mystery for me though is why people keep on willfully asking to be disillusionned... The conflicts of interests are so incredibly blatant. I am either missing the point entirely here, or while I was living overseas the whole world has changed and has completely discarded its old habits and customs. There will be no more tulip bulb craze... sg