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

To: Nikole Wollerstein who wrote (69)	11/23/2000 1:50:46 PM
From: KevinMark	Read Replies (4) \| Respond to of 263

"Full Service Brokers"! The Morgan Stanley's, Goldman Sach's, and Lehman's of the investment community are all about raking in the IPO bucks, and could care less about long term performance, as long as they can push their trash out the door on IPO day. It's all about purging inventory, so they will do whatever it takes to do just that. They'll use financial news programs like CNBC, paid touts, amongst other things. As a matter of fact, those who listen to CNBC , should recognize a red flag whenever they push an IPO, BEFORE it opens on it's 1st trading day. That tells you the brokerage firm needs the help of others, so they can unload their TRASH on you. "The Street", a new show on Fox, mimicking an investment firm, demonstrated what firms true intentions are to the tee last night. If you really want to STICK it to these brokerage firms, simply boycott EVERY IPO these clowns put out. Retail investors need to realize, brokerage firms are in the business to print worthless paper, and sell them at a nice premium for the client. They could care less what the final price of the stock is trading at the close of the IPO, AS LONG AS they can dump all the stock on the market at the IPO price or slightly above. That's what they call success. There is plenty of $$$$ to made on the other trash already in the market place. Therefore, do yourself a favor and DON'T purchase IPO trash on the 1st day of trading. Stick it to these brokerage firms where it hits them most. They've stolen from the investment community long enough. Steal from them buying picking up their trash 2 weeks later, when it's well BELOW the IPO price. That's how to get back at these crooks. KM