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To: IceShark who wrote (30052)	10/20/2000 10:05:04 AM
From: Oblomov	Respond to of 436258

Does that mean that if we crash, then Luc will get fined also? -g-

To: IceShark who wrote (30052)	10/20/2000 10:14:05 AM
From: Les H	Read Replies (2) \| Respond to of 436258

The kid should've stuck a better deal. He would've settled with the SEC for $ 25,000 if he couldn't brag about how much money he kept after the fines.

To: IceShark who wrote (30052)	10/20/2000 10:40:28 AM
From: Earlie	Respond to of 436258

Ice: Well stated. The SEC's actions with this kid are making them look like idiots. Sure, slap his wrist a bit, but if the organization wants to get heavy-handed, there are many better targets working as "analysts" right across town. Incidentally, I wonder what would happen if just one analyst got slapped around by the SEC for providing a "target price" that appears without proper factual backing. It might not take much to sort these jerks out. Not that I will hold my breath waiting for this to occur. Best, Earlie

To: IceShark who wrote (30052)	10/23/2000 8:02:31 PM
From: Bocor	Read Replies (2) \| Respond to of 436258

"The purpose . . .was not to help investors. . . but rather to line his own pockets as soon as he hyped the price of the stock." On September 25, 2000 WR HAMBRECHT + CO analyst TIMOTHY SAVAGEAUX issued a STRONG BUY rating on CMTN with a 12-month target of $145 ....... Well Mr. Levitt was this analyst just plain stupid, or did he have an agenda also? Seems that a veritable pandora's box could be opened on Wall Street should the SEC truly begin to investigate the scam recommendations and fraudulent pump and dumps that are perpetrated daily from analysts. Trillions of dollars have been lost this year because buy recommendations like the one above kept coming from the same mouths that were yelling "sell, sell" to their brokers... When a stock runs for no apparent reason, the analyst must raise his price targets to keep pace with the market, and must justify it someway, somehow, period. Now that is truly criminal. That kid was only doing what he had the smarts to observe being done by the pros. He was trained by CNBC, and is now being prosecuted (persecuted) because he got caught.