Enron Ex-Ceo Ken Lay died
- Thread starter Jack
- Start date
As the Enron Stock was in free fall a lot of analysts upgraded the stock to strong buy status well after it had plummeted to half its former value. The same thing happend to Krispy Kreme-they upgraded the stock yet they still walk free. WTF???????? You'll never see that in the news.
The problem is the analysts work for companies that own a lot of the stock. I can give a detailed explanation of how all this works but I dont feel like typing half the night. They wanted to get out as well so they kept schilling the stock to suckers so they could. A lot of people lost their ass on this and they only went after the company execs but not the people decieving the broader public into buying a stock that is and always was worth less than nothing.
Moral of the story: never trust analysts and always trade with stop limits. :biggthump
The problem is the analysts work for companies that own a lot of the stock. I can give a detailed explanation of how all this works but I dont feel like typing half the night. They wanted to get out as well so they kept schilling the stock to suckers so they could. A lot of people lost their ass on this and they only went after the company execs but not the people decieving the broader public into buying a stock that is and always was worth less than nothing.
Moral of the story: never trust analysts and always trade with stop limits. :biggthump
If any of you want a good explaination of what went on with Enron I suggest this documentary.
Enron: The Smartest Guys in the Room.
Enron: The Smartest Guys in the Room.
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