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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (3915)	10/9/1998 8:53:00 PM
From: Peder E. Angvall	Read Replies (2) \| Respond to of 18998

Just because some analyst has a buy recommendation, it doesn't mean that it is accurate or even that they know what they are talking about. Like the guy that had a buy recommendation on SIR from the $30's all the way down to $5. Or the guy that had a buy on FP from a high of $61 down to about $5. Or what about the people that had buys on CIEN? Analysts work for companies that make money when people buy stocks and they make money when they help companies go public, so they have a vested interest in these stocks going up. Compare their track record to Mr Pink's and you will see who has better performing recommendations. PA

To: LTK007 who wrote (3915)	10/10/1998 7:16:00 AM
From: Mama Bear	Read Replies (1) \| Respond to of 18998

"but I think is just sad that people work so hard to make something happen ---honest and good men---and all you want to do is destroy-" I have never understood why some folks think that short selling is some sort of 'destruction'. It is merely an analysis of the future of the company. Predicting that a stock price will go up does not 'create', and conversely predicting that a stock price will go down does not 'destroy'. The fact of the matter is that a successful short seller identifies companies that are in the process of self destruction, and profits from that analysis if it is correct, in the same fashion that a long profits from a correct analysis that the company is creating shareholder value. Ultimately, management is the creator or destroyer of shareholder value, not the traders in the secondary market. Barb