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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (15738)8/19/2001 2:29:28 AM
From: Teresa Lo  Respond to of 52237
 
Maybe more work in terms of points or time, but the fact that no one is asking me anymore "is this the bottom" tells me that they are so sure that it is going down and that is usually the first sign of something interesting...

My specialty is in trading gold (if you can believe it), and believe me, I know what it's like to trade in a multi-year bear market. I can sell short without hesitation and in fact, I'm way better on the short side than the long side, but over the last few weeks it has been illiquid with light volume, which tells me that it's more like a lack of buyers rather than too many sellers...so maybe they are nearly done?

T.



To: bobby beara who wrote (15738)8/19/2001 11:29:05 AM
From: Challo Jeregy  Read Replies (1) | Respond to of 52237
 
Front page of the LA Times today- above the line (!), but not the Top of the page. Does it count? <g>

When I first saw the headline, I knew I had to write you.
Then I read the article.
Not so sure now - VBG

August 18, 2001

THE NATION
Wall Street Analysts Cry 'Sell' at
Their Own Peril
Business: Most find that their bonuses, even their jobs, demand upbeat predictions
and good news.

Shortly after the Internet stock craze
began in mid-1998, Wall Street stock
analyst Lise Buyer got a phone call she'll
never forget.

The caller was a professional investor who
accused Buyer of fueling an Internet stock
sell-off by publishing a report that showed
a temporary drop in traffic at several
prominent Web sites.

The investor "just went ballistic at me,
saying how could I have been so stupid," recalls Buyer. Last
year, she quit the analyst ranks to join a venture capital firm.
Wall Street brokerage analysts have been cast as villains this year
for doling out relentlessly bullish--and, critics say, intentionally
misleading--advice to investors. But as Buyer's experience
demonstrates, it isn't easy to be forthright and unbiased in the
high-pressure and high-stakes confines of Wall Street.

latimes.com