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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Nick who wrote (31522)	2/21/2001 10:05:31 AM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

<<Yep. Sitting it out is the way to deal with this. The big boys bid these things up, and suckered the individuals once again. Let them trade among themselves for a while. BTW, Congress ought to haul some of these guys in and find out why they have been fleecing individuals first with their upgrades at the top, and now with downgrades.>> Nick: The Houses have clearly done the old Churn 'em and Burn 'em to the retail investors and some of the naive Fund Managers. They have induced panick selling often, stimulated great commissions, and then covered their targeted short positions AFTER they hit their goals. All this is borderline legal and not discussed a lot. The Chinese Wall between the ANALysts and the I-Banks' traders barely exists, IMO. We saw 60 Minutes do an incredible show a few weeks ago on HOW WRONG the overpaid ANALYSTS could be....Hmmmm....I wonder why....what's the agenda? Well, that's for another program <VBG>. IMO, we are very close to the bottom. I think Greenspeak may step in soon with another rate cut and we actually should see some UPgrades before you know it...The Houses have been quietly buying blocks of their favorite infrastructure stocks at firesale prices...=) Best Regards, Scott