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To: Efthymios H. Zacharias who wrote (26857)	10/11/2000 1:26:05 PM
From: KeepItSimple	Respond to of 436258

I've noticed that the analyst community is doing their best to make sure they keep their jobs over the last week or so. How? By making money for their trading desks who need to front-run to make the serious bucks. It used to be that a reitteraiton of an upgrade would automatically send any dot.com up 40% in a day. That's why blodgett was hired. But now, since upgrades don't move stocks, the analysts have discovered the next best thing- they issue downgrades! A downgrade to neutral often results in a 50% haircut these days, and since most of these worthless companies arent going to exist in 12 months, and the new "selective disclosure" rules have killed the analyst-CEO buddy relationship anyway, these clowns have no fear of issuing a downgrade. What worked on the way up works on the way down as long as you're short.