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Pastimes : Analysts Exposed- Jamie Kiggen (DLJ) -- Ignore unavailable to you. Want to Upgrade?


To: Brasco One who wrote (55)11/22/2000 8:40:27 PM
From: rrufff  Read Replies (1) | Respond to of 263
 
Great thread and idea. Congrats - hopefully this is a start at exposing ANALysts for what they really are incompetent, lazy parrots at best, sniveling manipulators at worst.



To: Brasco One who wrote (55)11/23/2000 1:46:45 AM
From: LLCoolG  Read Replies (1) | Respond to of 263
 
Donny,

How about ISLD's secondary at 107, stock now 5.

G



To: Brasco One who wrote (55)11/23/2000 7:19:54 AM
From: KM  Read Replies (1) | Respond to of 263
 
Do you really have to ask that question? They're all paid whores and have worked all year to crush individual investors and traders through a variety of tactics, which Rande has documented on his thread. I remember H&Q did a spo this spring on EMIS (a biotech company) which priced and got fully subscribed at 74, and which price has never been seen again (it's now 24). Whether or not you believe in the merits of the online brokers such as AMTD and EGRP, they worked all last year and this year to kill those companies. I gave up trying to trade them because of the relentless pressure going back to the spring of 1999 from Merrill Lynch and First Boston.

But the joke may be on them. Underwritings gone for the most part, bear market going full bore, individuals causing redemptions in mutual funds now . . . . there will no doubt be many layoffs on WS after the first of the year. Then some of these touts and pimps can pick and choose from the types of jobs they are best qualified for - how about "sanitation engineer", test dummy for drug companies . . . . I know - performing pregnancy tests on chads!!!

I have my own beef with DLJ in particular, although the analyst was not Kiggen. They "initiated coverage" on a stock in which I have a strong interest early this year with a fairly incendiary price target (one above the 52 week high of the stock). They did this with knowledge and some participation I believe in a private placement of another security which caused 2 million shares of the first stock (very thinly traded issue) to be shorted as a hedge. This caused the first stock to be crushed over a very short period of time by something in the order of 85% or more. This was a pump so the others could get that short off pure and simple, and of course, all manner of parasitic shorting went on along with the big fish as word got around. This whole thing has simply murdered investors in that stock, who haven't seen their money since well before the March 10 Nasdaq top, and many were forced out. This company actually is viable and should ultimately recover, unlike some on the Kiggen list, but DLJ has a strong spot on my shit list permanently. Oh, and by the way, after they initiated coverage, it was months before I ever saw them buy a single share. They have never made the slightest attempt to support the stock.