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To: Kerry Phineas who wrote (29398)3/4/1998 8:50:00 PM
From: Thomas G. Busillo  Read Replies (1) | Respond to of 53903
 
Kerry, you're right. It's a no-risk (for them) way of breaking out of the pack. The market has a short memory with these guys and is a little too forgiving. Frankly, I think their firms are a little too forgiving as well. But I guess a lot of the times it's not the calls that matter, it's the commissions and fees.

They can always do a flip-flip when it's convenient and count on the financial media to basically ignore their record on a particular issue and continue to fall in line as a co-opted quasi-public relations arm of the brokerage industry.

Other than Mark Haines and Squawk Box, what other prominent mainstream financial media outlet actually has the termerity to hold today's calls up against last months calls for these characters?

I hope Arthur Levitt makes good on the sentiments he expressed in his recent speech. As it stands right now, the concept of a "level playing field" is merely a concept. And if it takes sending a coterie of analysts and investor relations persons to Allenwood to turn that concept into a reality, so be it. (FWIW, the MF's Louis Corrigan had a nice piece on the subject tonight which contains a link to Levitt's speech: fool.com

Good trading,

Tom