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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rick Buskey who wrote (44040)	12/23/2000 8:59:59 AM
From: Rande Is	Respond to of 57584

Richard, thanks for sending that story on manipulation of JDSU/SDLI. It is sad but true. This is the sort of manipulation that occurs every single day in these markets, yet goes unnoticed by regulators. That is the part we are hoping to help change one day through our ongoing campaign. When you write the SEC on this latest obvious manipulation, it would help to include that post as a guide toward what has happened there. This will at least point them in the right direction. As soon as I saw that rumor hit the streets, I knew it was bogus and posted that I was buying JDSU and "other FOs" moving sympathetically. .. . . I bought JDSU, CIEN and GLW all near their LOD on that news. In such a hostile marketplace, it helps to have a keen sense of when news is news and when it is merely a ploy. All those downgrades of stocks down 90% on the year to single digits. . . .what do you think that was? It certainly was no help to ANY individual investors. In fact, an upgrade may have been helpful, considering that some of those stocks have nearly doubled since November. But it is CLEARLY not the intent of many analysts to "guide the Individual Investor toward a wiser investment decision". . . as one would think. But rather many, [perhaps most?] analysts seem to work from an agenda. . . probably one that corresponds closely to the wishes of the largest customers of their major brokerage house employers, namely the hedge funds. And that, my friends, is the root cause of the majority of manipulation that occurs today in these markets, in my opinion. Yet the ones we hear about getting prosecuted on the news are . . . when a college kid makes a bogus post on the internet, gets caught and sent to Federal Prison. . . .perhaps he made 50 to 100 grand on that scam. . . whereas a scam like that of JDSU could mean tens or even hundreds of millions of dollars. We sometimes read about market maker collusion and subsequent prosecution. But we rarely [if ever?] hear about SEC investigated collusion with regard to analysts, brokerage houses and hedge fund managers. . . . . though I suspect that will change . . . Hopefully, with the appointment of a new SEC Chairman, more attention will placed on this type of manipulation. Then again, things could easily get worse when Arthur Leavitt retires. Might be time to write some letters to the incoming presidential team . . .to pick a 'law enforcement type' as new chairman of the SEC. It is an interesting subject for us to discuss, since the media refuses to even mention it for fear of reprisals. Talk about your family secrets!! Rande Is