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International Investing / Australia (All-Ordinaries)


Subject:  Fund Strategy Date:  1/31/2002  2:48 PM
Author:  harmy Number:  3440 of 6186

I picked this up and posted it here because I think it is relevant to the ARB figures we discussed.
JR - what a short this would have made !!

Rant ... You've heard of "pump and dump"?? ... Well, TYC for past month has been "dump and pump"! LOL!! TYC dropped from $60 at beginning of month, to low today @$27. (Closed $34.85.)

At 2:30 p.m. today, after Wall St. has been puking all over the TYC break up since announced, JP Morgan has cc, raises 9-mth price on TYC to $90. (BTW, Prudential, which has no investment banking division, only Wall St. firm with less than a "buy" on TYC; has "Hold").

Also this afternoon, S&P issues a statement clearing TYC of any accounting issues. Whoever heard of such a thing!

Ma and Pa get scared of their shorts 'cause people whisper ENE, dump TYC. Wall St. buys cheap and cleans up.

Being on this board has made me paranoid. LOL!

Been trading TYC, glad not to be an investor.

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