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To: xcr600 who wrote (18244)	11/3/1998 1:02:00 PM
From: Clint E.	Respond to of 69180

XCr600, manipulation could be many things. It could be an orchestrated scheme of influencing AG into cutting rates to push global markets higher or it could be manipulating a single stock like BRCM by pulling it back on the lock-up release date and issuing buy recommendations afterwards …. WS is biased toward pushing stocks higher to create new businesses in form of taking new companies into the marketplace, making M&A deals, helping companies in issuing bonds,.....with the end result of creating wealth and avoiding lay offs and trading losses as was recently evidenced by major brokerage firms. It is all a game and the house has the upper hand. Stocks are protected right now and that's why I mentioned manipulation yesterday. Clint