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To: dstange who wrote (8414)6/13/2000 2:30:00 PM
From: Redman  Respond to of 9068
 
dstange,

You are probably more right than not. But, I have a feeling the analyst would have liked to know so they could have gotten "their" clients out first before the downgrades. I know for a fact Lehman knew way ahead of time, as a soes trader told me that a couple of weeks ago Lehman could not buy enough of the stock....AND last week they were relentlessly dumping it on Thurs. and probably Fri. too if they had any left.

Red



To: dstange who wrote (8414)6/13/2000 2:42:00 PM
From: gbh  Read Replies (1) | Respond to of 9068
 
may be naive, but I don't think the vast majority of analysts and brokers are trying to screw the retail investor.

These guys are measured quarter to quarter, month to month, even day to day. They often times hold inventories in stocks they are recommending.

Yet, how often have you heard your broker say you should take the long term view, immediately after they put you in a stock that goes down?

Its always been my feeling that if people were generally happy with their brokers and their brokers recommendations, that the OLB industry wouldn't exist.

Gary