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Strategies & Market Trends : Freddie Mac (FRE) pops the housing bubble

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To: John Carragher who wrote (14)9/2/2003 4:37:48 PM
From: KeepItSimple  Read Replies (1) of 50
how can a stock "bottom" when it is near the top of its all time high range? LOL.

it's a pump and dump, folks. brokerages upgrade stocks if they need to unload shares of their customers. it is the same as it has always been.

the only reason the game keeps working is because the vast majority of the population can't conceive that brokerages would intentionally try to rip them off. they still think that these huge financial corporations issue "buy" recommendations in order to help out the little guy who doesn't pay them anything in commissions.

you'd think after the nasdaq collapsed 85% that most people would get a clue, but apparently not.

fading brokerage "buy" or "sell" recommendations is one of the easiest ways in this market to make huge amounts of profits..
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