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To: DouglasKC
"Analysts often refer to a high-flying speculative Internet stock, or any stock that's speculative in nature, as a 'pos' in order to stay true to their Benjamin Graham roots. Equity analysis is a high-pressure job, necessitating analysts to let off steam in private E-mails that obviously do not have the same status as public pronouncements."

Did Henry Blodget, et. al., try that "trick"?

47 posted on 11/20/2009 6:41:23 PM PST by danielmryan
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To: danielmryan
Regarding the Blodget analogy, I'd better add that a security analyst is bound to certain legal duties that a scientist isn't. "Citation circles," reviewer-stuffing and work-related hypocrisy aren't criminal, and it's unlikely that they're actionable at the civil level even if funds went to waste as a result.

If anyone wonders why I'm backtracking on the rhetoric, here's why: If the heat gets hot enough, the AGW crew might come out swinging with defamation lawsuits. I'm a Canadian, and those kind of suits are easy to win in Canada.

49 posted on 11/20/2009 7:36:15 PM PST by danielmryan
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