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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Anthony@Pacific who wrote (54925)4/23/2000 11:14:00 AM
From: gbh  Read Replies (2) | Respond to of 122087
 
Anthony, yes, it was a Great List. But how does it show how NASD firms scam the public?

These stocks were inflated to unsustainable highs by "retail lemmings". Mainly falling over themselves to buy stocks given ridiculous price targets by old-line sell-side analysts from houses like MER, GS, Morgan, etc, who were raising price targets because they were caught up in the "mania" as much as the "retail lemmings".

Are you implying that NASD firms were somehow smart enough to drive the price to these levels and then went short, and have profitted from the carnage?

BTW, QCOM didn't miss being on this list by much.

Thanks.

Gary