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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: uu who wrote (6982)	1/17/1998 5:51:00 PM
From: gdichaz	Read Replies (1) \| Respond to of 64865

The brute fact is that many Wall Street "analysts" are well paid for misleading rpt misleading the unwashed (us). They earn their millions in pay and/or bonuses because their employers or partners use them to play the strings of the "suckers" and profit hugely from the result. The decline of 1/16 of a point can mean a substantial profit through program trading - if you can forecast a temporary price move. Think how valuable a 2 or 3 point decline as a result of a downgrading can be. Like wow ! Reverse is of course also true. This is strickly a (cynical) business technique. Remember JP Morgan was quoted long ago as saying when asked about the public, "The Public be damned". Wall Street is just acting on his dictum. With the program trading tool we are the ones on the receiving end. In defense, the only way a little guy might gain in this process is to go with the flow. Buy (after a brief pause) on a downgrade and sell (again after a interval to check action) on an upgrade. The brokerage house and key clients are likely to be doing just that. You can too. But I may well be wrong. Hate to think these guys are manipulating "the market", i.e. us, but the evidence would indicate either stupidity (maybe that is all there is to it) or a way to make an extra buck (lots of bucks in fact). What are facts here? Who knows. Suggest buyer of stock recommendations beware. All just IMO and could be completely off base. Hope some of these folks are trying to serve the "customer" - but think the "customer" is the employer or partner in too many cases. Disclaimers. Nothing whatsoever to substantiate any of this except oberservation and correlation. A weak reed at best, no? Comments? PS One of the best ways to deal with this is to find good stocks and hold for the long term - igoring these folks completely. Again just IMO. PPS Sun is probably a good stock for such a long term strategy - again IMO . Chaz.