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To: paulmcg0 who wrote (4807)	8/10/1999 4:45:00 PM
From: TraderTerry	Respond to of 7772

You are right, Paul. Here is something from an analyst quoted on Marketwatch about being suckered: But one money manager counseled against buying on dips. "Being suckered into stocks on rallies on the way down is extremely dangerous," said Scotty C. George, chairman and chief investment strategist at Corinthian Partners Asset Management LLC. "That's a lot of what's happening in the market. "You see a lot of these major intraday swings in which investors still manifest the type of behavior that they had five or six years ago -- anything that looks cheaper has got to be better."

To: paulmcg0 who wrote (4807)	8/10/1999 6:10:00 PM
From: J. C. Dithers	Read Replies (2) \| Respond to of 7772

"the famous misconceptions that many stock investors believe" What makes you think you are so much smarter than other investors? I think your sour view of the world (so typical of short-sellers) has clouded your logic and common sense. You are saying that brokers will sell their clients anything, or recommend any stock, just so that they can make more money themselves. No one would doubt that making more money IS the motive of Fidelity or Schwab (duh!) -- but wouldn't this be a totally self-defeating and short-sighted way to go about it? Don't you think that the average investor pays a bit of attention to how past recommendations of their broker have panned out? How long would you last in the brokerage business if you were constantly recommending stocks that went nowhere? In your analogy of the grocery store, would it be a good strategy if the chicken recipes tasted awful? Not only do you denigrate the intelligence of other investors, but also of the brokers themselves. Not to mention grocers! Statements that begin with "Few people understand ..." reveal an ego complex at work. As I say, typical of the short-seller mentality.

To: paulmcg0 who wrote (4807)	8/10/1999 7:52:00 PM
From: Jeff Dryer	Respond to of 7772

* Wall Street firms have the best interests of investors in mind. THIS IS THE BIGGEST LIE! The financial industry does not care whether investors make money or not, only that their firms make a lot of money so they can fund lavish lifestyles for themselves. Wall Street is in the business of selling dreams of wealth to investors. The basic trick is to create an interest, and a demand for their products like shares, just like any other business, except they aren't selling tangible items. Few people understand that when a brokerage issues a glowing analyst report on a stock, it is a sales tool, to move inventory, a sales tool that is no different than when your grocery store gives away booklets of chicken recipes, because they need to sell chicken. This is true.