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To: KeepItSimple who wrote (94416)4/15/2001 10:00:36 PM
From: Lucretius  Respond to of 436258
 
if you say so.... LOL



To: KeepItSimple who wrote (94416)4/15/2001 10:11:16 PM
From: t2  Read Replies (1) | Respond to of 436258
 
market is going to soar tomorrow, and for several months at least.

Tomorrow, this week, next week or even a couple of months the market (nasdaq) could be headed up very very rapidly. It may not even go up tomorrow but the strong trend seems to be developing.

However, longer term it will run out of steam..maybe by late summer..and if the economy gets much worse, it may come back down just as fast.

Economy stabilizing will probably mean the market then settles into a less volatile period.

I still do agree on the probability of very rapid gains near term (around 2400 to 2800) driven by short covering and real buying. IMHO, the big gains will come from the once high flier stocks for the Nasdaq. (just look at what happened with JNPR last week for an example).
The reason is that people now have accepted the condition of the economy as pretty bad but don't see it getting much worse and the recent market gains will also change sentiment among consumers and investors.
It basically parallels the (John Joseph) semiconductor analyst's comments that things are so bad that investors should be buying semiconductor stocks.



To: KeepItSimple who wrote (94416)4/18/2001 6:22:27 PM
From: steve susko  Read Replies (1) | Respond to of 436258
 
do they still let you post here... you sure nailed the bottom for the countertrend rally.



To: KeepItSimple who wrote (94416)4/18/2001 6:44:19 PM
From: Skeeter Bug  Respond to of 436258
 
Message 15670209

kis, those shorts a few sizes too small? ;-)

>>12 points in a week is just too much profit to leave on the table<<

mr market says thanks for letting him watch your dough... ;-)



To: KeepItSimple who wrote (94416)5/1/2001 9:54:26 PM
From: SpongeBrain  Respond to of 436258
 
More at a Wall Street Firm Are Investigated on I.P.O.'s

nytimes.com

everal more employees of Credit Suisse First Boston are under investigation in a broad federal inquiry into how Wall Street investment banks doled out shares in offerings of new stocks, according to regulatory filings and people inside and outside the firm.

The filings show that the federal investigation into how initial public offerings were sold at the height of the technology stock boom in the late 1990's extends to First Boston's New York headquarters.

Among the New York-based employees who have disclosed that they are subjects of an investigation are Andrew S. Benjamin, a managing director in the firm's private client services division, which provides brokerage services to wealthy individuals.

A document filed with the National Association of Securities Dealers indicates that Mr. Benjamin was notified in late March that he was a subject of an investigation that could lead to disciplinary action. It says that Mr. Benjamin denies any wrongdoing.

Mr. Benjamin could not be reached for comment. Victoria Harmon, a spokeswoman for First Boston, declined to comment, citing the firm's policy of not discussing internal matters involving employees.

The latest disclosures came after First Boston placed three employees from the technology unit's brokerage operation on leave earlier this year. Those three were the group's most senior executive, John Schmidt, and two people who worked for him, Michael Grunwald and Richard S. Bushley.

Reached at his home in San Francisco, Mr. Bushley declined to comment and referred questions to his lawyer, William Goodman. Mr. Goodman declined to answer questions.

Securities regulators and prosecutors have been gathering information from investment banks and their customers to determine whether underwriters extracted kickbacks of trading profits or promises of follow- up purchases in exchange for shares of sought-after initial public offerings.

In a criminal investigation into kickbacks, the Securities and Exchange Commission and the Justice Department have sent subpoenas to several investment banks seeking sales and trading records. The commission also has requested records on trading of new stocks from Morgan Stanley Dean Witter, J. P. Morgan Chase and Goldman Sachs in an informal inquiry into whether underwriters illegally tied initial offering allocations to subsequent purchases of the same stocks.

Investigators have been particularly interested in First Boston and its technology investment banking group, based in Palo Alto, Calif., and overseen by the celebrated deal maker Frank Quattrone. Mr. Quattrone's operation was a leading underwriter of new technology and Internet stocks in recent years and it propelled First Boston from an also- ran to a top-tier firm on Wall Street.