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Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It? -- Ignore unavailable to you. Want to Upgrade?

To: nokomis who wrote (133)	5/12/2002 9:36:07 PM
From: Patricia	Read Replies (1) \| Respond to of 589

Google seach is wonderful, isn't it. :) Many of us were taken in with the goings on in the market. Sorry to hear of your losses, it was an expensive lesson to learn for many of us.

To: nokomis who wrote (133)	5/13/2002 12:02:11 AM
From: Dave Gore	Respond to of 589

EXAMPLE OF ANALYST MANIPULATION --- One of the most extreme, bizarre instances of manipulation by an analyst firm occurred about 3 months ago. SYMC had recently reported excellent earnings then fallen back a little, as I recall, and was trading near $35. Some firm I had not heard of put out a "Sell" rating on SYMC. The stock began dropping and dropping, to my surprise, to around $30 (whole number support) and then of course came all the way back (and then some) over the next few days, as other analysts came to their rescue. It was such a bizarre reason given for the "Sell" rating I wondered why anyone would believe it. It almost seemed as if this firm was either trying to make a name for themselves or being paid by someone to issue the report so shorts could cover. Shorters and/or paid agents on Yahoo message boards had a field day, and I imagine were helping to fuel the fire and panic investors out. Again, why anyone takes the "Jerry Springer" of the stock message boards seriously, I will never know.