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To: Lucretius who wrote (25390)10/6/2000 2:51:26 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
Wait! GlobalAsia [agcx] is UP 1/16..... LOL Nice debut!

DAK



To: Lucretius who wrote (25390)10/6/2000 2:52:23 PM
From: KeepItSimple  Read Replies (2) | Respond to of 436258
 
Now we finally see why the analyst and banking community fought tooth and nail against the new disclosure rules.

Having that information beforehand has been a gigantic cash cow! In the past, it was nearly impossible for the retail investor to make a killing betting on warnings- because by the time the warnings were announced the big boys had already sold the stock and driven it down to the new "fair value"..

But now, we've had all these juicy warnings and seen stocks get cut in HALF in just a few hours. In the past, all the brokerages knew about the info in advance of everyone else and just walked the stocks calmly lower as they unloaded.

The bears have finally got a fighting chance to profit from wealth destruction. :)



To: Lucretius who wrote (25390)10/6/2000 2:55:52 PM
From: Efthymios H. Zacharias  Read Replies (1) | Respond to of 436258
 
This is nothing yet. Hope it doesn't develop into the mother of all bear traps. Until we have a trading halt (around 900 dow points away) I ain't celebrating.



To: Lucretius who wrote (25390)10/6/2000 2:56:06 PM
From: Gary M. Reed  Respond to of 436258
 
Great street.com piece on the Priceline analyst whore-fest. Aptly titled "Dissecting a Sheep: Inside Salomon's Shameful priceline.com Advice":

thestreet.com

I particularly liked this line:

"Now he tells us. I'm sorry; that just doesn't cut it. Albright and the rest of the sell-side sheep masquerading as analysts owe investors an apology at the very least. They are in the business of offering investment advice. Where is the accountability when firms like Salomon Smith Barney and analysts like Albright can issue such utter dreck and get away with it?

I asked Albright what the reaction has been among his firm's clients to his utterly mistaken reports. "This has not been an institutionally held stock," he said. "The bigger institutions were perhaps more prescient than the sell side. It was a momentum stock." Translation: The little guys owned this piece of trash. That certainly makes me feel a lot better. Not."

Hehe, not a big deal, since our institutions didn't buy the POS...let our sheeple retail brokers deal with the margin calls...LOL!



To: Lucretius who wrote (25390)10/6/2000 3:15:25 PM
From: MythMan  Read Replies (2) | Respond to of 436258
 
I think you marked a bottom with that post -g-