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To: uu who wrote (8733)	12/24/1997 8:19:00 PM
From: Franklin M. Humphreys	Respond to of 25814

Happy Holidays, all. Addi, that was a lot of good analysis and useful. The question I pose concerns the dilemma in which the Big Brokerage House finds itself when one of it's analysts cruises by the computer one midnight to check out the results of the day's heavy duty number crunching. What does he do when the data show that this Q results are going to be down a few pennies? Probably there is a phone call to the COO to share the bad news. Now remember, Addi this is one of those pessimists who would view this as BAD news because his company is holding 20 million shares and the COO knows that as soon as the news is out people are going to start selling their shares. You know what I mean; people like me who will dump 1000 shares on the market all at once. Now the discussion is quickly dominated by the analyst(you know, the one making $2.5million/year; the one who's reputation is on the line ever since he released his earlier glowing earnings estimate) He says "I must get this out to all the news wires. Think of all the small investors who will want to profit from this information" Yeh, right! The pessimist in me hears the COO saying---not unkindly but still saying it---"Can't we somehow hold off on this a bit? I mean, we do have a few million shares we gotta ease out of without attracting any un-due attention and I AM paying you $2.5 million/year? Know what I MEAN?" Thereafter the backroom discussion probably escalates to a level far above anything my farm-boy mind could imagine. Sadly, that reeks of the pessimism you dislike but the truth is that money makes for a very powerful incentive, right or wrong. To add perspective I repeat a line from a movie in which Richard Nixon said "When you have them by the nads their hearts and minds will follow". (If he didn't say it, it is only because he didn't think of it) Further confirmation of money's power can be found in today's announced agreement by 30 Wall St. firms to pay significant fines for refusing to trade shares in 1/8 dollar increments. If their refusal to trade is not evidence of their "....hearts and minds will follow" attitude I can't possibly imagine what would qualify! Frank PS. Any truth to the rumor that an optimist is one who is sure that all will go wrong; whereas a pessimist doubts that the outlook is so bleak?

To: uu who wrote (8733)	12/24/1997 8:26:00 PM
From: sea_biscuit	Respond to of 25814

Addi : I see myself as being skeptical rather than pessimistic. If I was really that devoid of optimism, I wouldn't have had a penny in the stock-market! As for the analysts (or "con artists" as you prefer to call them!), I myself couldn't care less for what the analysts say. However, it was your "damned-if-they-are-right; damned-if-they-are-wrong" attitude that I was commenting about. Happy Holidays and Merry Christmas. Dipy.

To: uu who wrote (8733)	12/29/1997 2:17:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 25814

Some may call you an overly pessimist person, some may call you an overly cautious individual, and some may even call you a realist, but definitely you are not an optimist! I have found that being an optimist (which by the way I am very much) can sometimes be very harmful (in the short run anyway [...] Well, as far as LSI is concerned (and maybe ASND too), I don't think you are an optimist. "Too enthusiastic to be sensible" would be a better description. Sorry about the comment, but at least I was able to hold it back until after Christmas :-) Dipy.