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To: Mike Perras who wrote (110330)3/19/1999 7:24:00 PM
From: Frank Ellis Morris  Read Replies (1) | Respond to of 176387
 
>> If I am an analyst & I downgrade IBM & it falls $9.00 am I free to just go and pick up this stock for my firm. These guys have lots of clout & can easily drive a stock up & or down and in my humble opinion is nothing short of manipulation.<<

Mike this had been my pet complaint for the longest time. The Justice Department should investigate the racateering that the brokerage houses have been getting away with for the last 50 years.
These manipulative artists place there bets before comments are made as they know the outcome of their bets.

Best Wishes
Frank