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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?

To: Shaw who wrote (9909)	9/30/1999 4:05:00 PM
From: russet	Respond to of 36688

Add to that, the company that does the financing usually is paid by a combination of free shares, and a percentage of the proceeds of the share issue, and you can see why the research report may gloss over most of the risks with small print, but spend pages and pages glorifying and exaggerating the potential. The job of the broker is to show quarterly profits, so those freebie shares come out in the initial pump to convert the shares to cash profit. At the same time the trading arm of the brokerage may be buying and selling and shorting to take advantage of all the anticipated swings of the PP or IPO. Of course the poor hamsters that believe all the hype, lose all their hair, get squished and eat share certificates until the next pump. (ggggg) Is it Friday yet???