Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: willcousa who wrote (47636)	6/6/2001 12:10:36 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

"I use Solomon Smith Barney for some options trades. Their analyst missed a ton of tech upside. Their clients who followed him must have been really ticked. Yet he is still working. I wonder why?" Will, In my first life I was a broker for EF Hutton(now ssb). I left in the early 70's when the NY Exchange volume sank to 6 million shares per day while the Dow traded in the 700's I believe. Primarily I left because i couldnt make a living anymore. But the reason I used to explain it to others is that Retail Brokerage had become a distribution channel for the stocks the big guys did not want. We created buying interest in those stocks in retail based on analyst recommendations. Retail was either buying big boy stock or selling to Big boys accumulating with analyst recommendations driving it all internally eihter way. This was 30 years ago but i suspect little has changed. mike