Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (44081)	5/31/1999 7:27:00 PM
From: J. P.	Read Replies (1) \| Respond to of 86076

<<How can a company like Merrill Lynch ethically encourage investors to buy stocks that it has an interest in?>> Well, I can only extrapolate from a recent experience of Micron being upgraded no less than 6 times while I was short the stock, one analyst at Rob. Stevens even made a price target of 200! Now are you telling me that with all the research might (and possible insights gained in social contact, as it later came out Micron CEO was at dinner at Rob. Stevens analyst's house!) of these financial houses that a dope like me was right about Micron's business and they were wrong? Or that it behooved them or their clients because of their long position in the stock to keep it pumped up. I think we all know the answer. And I believe we can all cite many more examples. But my contention is that this activity should be monitored by our government regulators and made ILLEGAL, and fines and jail sentences should be issued for this, because we live in an information society, and false and misleading information is being issued here, and huge amounts of money are made or lost as a result. No more winks and smiles, but handcuffs and arrests should be made. But I'm just dreaming here, because it won't happen, but at least I have the internet to vent! -g-