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To: Dan Clark who wrote (8250)6/1/2000 12:54:00 AM
From: LPS5  Respond to of 12617
 
Yeah. And to make it worse, some even have gall.

But seriously, many "institutions" (and by this I mean all incarnations of the concept, particularly in the securities industry: practices, periodicals, individuals, stock exchanges, etc.) serve the same purpose that Woody Allen said that tradition does: they give the illusion of permanence. Some people find such perceptions comforting until reality steps in, often unkindly.

LPS5



To: Dan Clark who wrote (8250)6/1/2000 4:34:00 PM
From: Wayners  Respond to of 12617
 
The institutions answer is going to be we need the information first because we have much larger positions to move and when you take that into account, the big guy and the little guy basically get out at the same average price. I of course don't give a rats ass about the institutions who can't make money the competitive way--they have to make it through inside information, manipulative analysts, manipulative journalists and IPOs.


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