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To: isopatch who wrote (71191)	8/18/2000 8:15:06 PM
From: jim_p	Respond to of 95453

"Trust me, it's a game where the stress will eat you alive otherwise. Have seen that happen to a lot of very smart, talented people. If the poor buggers didn't end up inside the bottle or snorting line after line of cocaine, they'd be tom cat'in around town till their peckers fell off. Anything to escape the stress." <LOL> Well said, and having been there watching it from another angle for 25 years, there is no question that you are 100% correct. The analyst today are paid high 6 and 7 figure salaries, to write coverage that sells stock. They have a more important role in placing an IPO than the investment banker does in today's world. When you think about, you can come to no other conclusion. The institutional clients of the brokerage houses are their true clients, because they are the ones who buy the offerings that they "underwrite" to earn the big bucks. I always felt sorry for the little guy using a broker, or a private company doing an IPO being sold to institutions on the day of pricing. It is a very unpleasant event. When I raised equity for a living I always insisted that at least 60% of the deal had to be sold retail to help avoid being squeezed on the day of pricing by the firms institutional clients. You pay the fees, but you are not the client. Jim

To: isopatch who wrote (71191)	8/18/2000 9:01:52 PM
From: Think4Yourself	Respond to of 95453

I can relate to "paying your dues". I used to listen to the analysts many years ago, to the detriment of my wallet. Now I completely ignore their recommendations and look for any facts they may have to present to support their claims. With the continuing growth of the internet as a financial tool I believe the situation is improving. Everyone is learning who the honest/competent and dishonest/incompetent anaylsts are. In addition the SEC is becoming a more responsible agency. I commented on the regulation regarding full disclosure after the deadline for comment and received a response from the SEC. I am amazed the regulation passed last? week. Definitely a major victory for the retail investor.

To: isopatch who wrote (71191)	8/18/2000 9:01:52 PM
From: Think4Yourself	Respond to of 95453

I can relate to "paying your dues". I used to listen to the analysts many years ago, to the detriment of my wallet. Now I completely ignore their recommendations and look for any facts they may have to present to support their claims. With the continuing growth of the internet as a financial tool I believe the situation is improving. Everyone is learning who the honest/competent and dishonest/incompetent anaylsts are. In addition the SEC is becoming a more responsible agency. I commented on the regulation regarding full disclosure after the deadline for comment and received a response from the SEC. I am amazed the regulation passed last? week. Definitely a major victory for the retail investor.

To: isopatch who wrote (71191)	8/18/2000 9:01:52 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

I can relate to "paying your dues". I used to listen to the analysts many years ago, to the detriment of my wallet. Now I completely ignore their recommendations and look for any facts they may have to present to support their claims. With the continuing growth of the internet as a financial tool I believe the situation is improving. Everyone is learning who the honest/competent and dishonest/incompetent anaylsts are. In addition the SEC is becoming a more responsible agency. I commented on the regulation regarding full disclosure after the deadline for comment and received a response from the SEC. I am amazed the regulation passed last? week. Definitely a major victory for the retail investor.