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To: Tenchusatsu who wrote (84988)	7/6/1999 3:54:00 PM
From: GVTucker	Read Replies (1) \| Respond to of 186894

Tenchusatu, RE: Yeah, I know, this is real life, and we see stuff like this happening all the time. But it's not something we should be defending anyway. I might be taking this a little too seriously, but I feel the moment someone says "This is OK" is the moment we hand over the stock market into the hands of the powerful few. I'm not defending it, and I'm not saying it's OK. The fact of the matter is that there will always be alternative agendas on Wall St. Some people you can take at face value, some you cannot. It has always gone on; it always will. I don't say "This is OK" as much as I say "I don't care." I have said this countless times on this thread: An analyst's opinion is irrelevant. There are very, very few exceptions to this rule. You should take advantage of situations that you think that the analyst is trying to manipulate things and is actually succeeding, because this effect is always ephemeral. Edit: One of the major purposes of my many posts on this subject is to break the myth that analysts or Wall St. firms in general have any idea what direction any stock is going to go. They don't. Believe it or not, the average analyst on Wall St. is no different than the average person on this thread. Some are honest, some dishonest, some scum, but mostly regular guys and gals, with their only distinction being larger than average egos and checkbooks. For the most part, they all know that they can't manipulate a market, and they don't try. When an analyst issues a report, it most likely is the analyst's best guess as to where the stock is headed. And make no mistake, it's a guess.