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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (9357)	1/19/2001 11:21:06 AM
From: uu	Respond to of 14638

It continues to amaze me how self-serving business men turn into overnight celebrities (thanks to the likes of CNBC) continue to manipulate the little guys on the street. Sagawa is just another self-serving business man celebrity (and I am trying very hard to avoid using the term charlatan). Their so called upgrade recommendations are meant to provide a short term catalyst to push the stock higher at the expense of little guys so they can dump their big clients' shares, and their so called downgrades are meant to push the stock lower (again at the expense of the little guy on the street) so they can buy the stock for their big clients at deep discounts. As I have always stated analysts are nothing but a bunch of self-serving charlatans turn into celebrities thanks to the likes of CNBC. They are the modern version of pimps, except they have brought much more shame to the pimp proffession for which in the old days pimps had at least the integrity not to sell their own mother for a lousy dollar, but these guys (the so called analysts) have no shame to sell even their own mother if they know they could make a buck out of her.

To: The Phoenix who wrote (9357)	1/19/2001 1:27:41 PM
From: pat mudge	Read Replies (2) \| Respond to of 14638

I think with regards to LU, Sagawa has a lot of clients who want the stock higher just to break even. He's clearly in a conflicted position: he has to like the sector on one hand and on the other he'd like it to be weak so LU's not the only one in a leaky boat. As for today's stock action, it appears the MMs are keeping JDSU at 60 for options expiration. The close will be interesting considering we have SDLI, GLW, NEWP, and JDSU all reporting next week. Pat