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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (43448)	1/14/1999 8:53:00 PM
From: Bonnie Bear	Respond to of 132070

Tommaso...we have an immense Ponzi scheme by Fidelity. Here's how it works... 1) Fidelity has too much money, nifty fifty too expensive 2) Fidelity doesn't want to sell nifties because people would have to pay taxes etc so 3) Fidelity finds a stock they can bid up to mid-cap level while it is a smallcap 4) FIdelity tells the nifties to buy shares of the smallcap (or vice versa) 5) Fidelity pours new money into the smallcap. Smallcap goes to midcap, Bigcap stays big because the inflated valuation of the smallcap is on his books. Fidelity finds a place to put hot money, bigcaps stay big, Fido keeps its ratings. The synergistic relationship is that the big guys get free investment advice, and Fido keeps its empire. Yahoo is on their "new buy" list.