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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Starduster who wrote (27)12/1/1998 9:48:00 PM
From: Rande Is  Respond to of 57584
 
Those Barneys [Brokerage Houses in general] are at it again. First they downgrade BAMM in the teens after missing the run up. Then I hear of a similar downgrade on WAVO during the day, which is then softened with complements after they buy-in, . . er I mean. . . after the bell.

Then a rumor is floated about the FED raising margins on "select" stocks. Now word is that NASDAQ is denying that there was any such movement by the FED and that the rumor was nothing but another bear trap set up by shorts.

Then the following news comes out as if to "verify" the moves of the FED. And of course they are acting in the best interest of the investor [said sarcastically]. Well. . . read for yourself:

newsalert.com

The sky is falling. . . sell the internets. . .

Sad thing is. . .it worked.

Rande Is