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Strategies & Market Trends : Christopher Smith knows the market

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To: Instock who wrote (29)	12/28/1997 10:48:00 PM
From: David Graham	of 42

In; While your on the subject of changing things, I have one that needs changing, also being run by 29 year olds. Analysts are making me puke lately. If the sec were to make brokerage houses use the next trade instead of the last trade, there would be a huge difference in how changes in reccomendations are thrown around. I'm not so sure I would like the change as I tend to gravitate towards these stocks when they get trounced, but I can't stand to see these guys padding their bonus checks at the expense of the general public while they are still posting record gains off of trade recs. that can't be made. A perfect example would be DANKY which sometime in the last couple of weeks dropped 50% overnight in London and everybody dropped their recs. of record on the close of the previous day at 31. It opened here at 16 and dropped until nearthe end of day ending I forget where but in the neighborhood of 12 1/2-13. Mind you I made good money on the next days bounce as the fundamentals are still all OK, but it really pisses me off that a firms record will show that it was removed at 31. Just sounding off; Grammy

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