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To: ANALYST10 who wrote (16178)6/28/1998 11:06:00 PM
From: Moonglow  Read Replies (1) | Respond to of 50264
 
You're right. That type of manipulation definitely happens. I first found out about it from a friend of mine that used to be a broker. He has since retired....darn it....cause he used to tell me about all kinds of different stocks that were getting ready to run. And he'd always be right. And he worked for a MAJOR brokerage firm. A very respectable one.

About broker liability.....I had a broker talk me out of buying Reynolds Metals one time...this was back in 1982...and persuaded me to buy Parker Drilling instead. I listened to him because I figured he was the professional...he would surely know about these things...I was the amateur, so what did I know?

To make a sad story short.....Reynolds Metals did GREAT and Parker Drilling went down. This was 1982. I never thought of suing that broker, but I sure wish I had not listened to him.

Juanita




To: ANALYST10 who wrote (16178)6/29/1998 4:47:00 PM
From: Spytrdr  Respond to of 50264
 
(from Business Week)

Are Brokers Being Paid Off to Sell These Stocks?

Here are some of the stocks that sources say have been the subject of payoffs
to brokers within the past few months. Company officials who could be reached
for comment denied knowledge of any payoffs.

COMPANY PRICE 52-WEEK
DEC. 1 HIGH

APPLETREE ART 3 3/4 10
AXXESS 2 1/2 8 3/4
HARVEST RESTAURANT GRP. 1 7/8 8 1/4
IMMEDIATE ENTERTAINMENT 4 3/4 7
JUNGLE STREET 4 1/8 7 1/2
LEGEND SPORTS* NA 8
SCOTTSDALE CIGAR 41 5/16 9 1/2
TCP RELIABLE 5 1/8 7 3/4
TELLURIAN 5 9/16 7 1/2
TTR 9 11/16 16 23/32

*Not trading

DATA: BW; BLOOMBERG FINANCIAL MARKETS

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AXXS, mmmm...