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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?


To: Noneyet who wrote (8314)11/5/1997 1:59:00 PM
From: TideGlider  Read Replies (1) | Respond to of 25960
 
OOooo Ouch! That would be interesting. That is what the SEC is
supposed to do. Why not make an inquiry. They are bound by law to
look into it.

Bruce



To: Noneyet who wrote (8314)11/5/1997 2:11:00 PM
From: Curlton Latts  Respond to of 25960
 
Thomas: MWitter and Monkey Sec are liable. Not just for having undisclosed short interest in their accounts, but, if there were any outside the norm fees paid by the buyers of the notes to the MWitter and Monkey Sec Corporate Finance departments for payment beyond normal financing activities (as measured by industry norm statistics) then they are in deep dog doo. The analysts here can be shown to have issued strong buy recommendations to the investing public (including participating in a sham conference call to keep them in while the shorting was going on) with a self-serving preconditioned intention to cheat the public investors by issuing planned future downgrades. This is a nasty bit of business for MWitter and Monkey Sec if proven.

To get the ball rolling just issue a few complaints on these forms here:
sec.gov

Obviously, the press would love to get their teeth into something like this as well and can also be enlisted in the bounty hunting. Not to mention the lawyers (salivate, salivate...deep pockets investment banks caught with their hands in the cookie jar)

Good Luck To Each And All

Curly
~~~~~~~~^^
[6.6]
....>
[_]



To: Noneyet who wrote (8314)11/5/1997 2:18:00 PM
From: Holyman  Read Replies (2) | Respond to of 25960
 
Tom:

" I wonder if Cymer investors would be able to go after them legally, if we found that to be the case. Would anyone care to repond, I know their are some lawyers here who follow Cymer ?"

This is possible, although unprecedented. You need a good and gutsy lawyer to do this. And it takes time too. However, it could be rewarding. Analysts have become god-like figures only since late 1980. Nobody could stop them except a case, and perhaps a case such as this. Remember: "That," said a Dean Witter fund manager, "is the best story I've heard all day." This really shows the
uniqueness of Cymer.

There need to be only one notable case that could shatter analysts' excessive and abusive power. I believe in the future there should be third party verification on a downgrade/upgrade of a stock.

God Bless