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Sounds like your someone who believes in efficient market theory of
corporate decision making, based on "knowing" the value of something as
unquantifiable as a research analyst. Hope your sake your not trading on
similar hypothesis about efficient markets.
Very likely, a new department head, thinks cutting $100K out of a billion
dollar business which is based on good will and relationships, is going to
make any positive difference. Any difference will only be a negative one,
and never will be attributed to this.
More likely the new head is drunk with the power of the new position, and
had to use it to fire someone. The famous "I sent a message" because I can.
I am sure the Smith Barney clients who have worked with this analyst for
years, got the message about what kind of things to expect from Smith Barney
going forward.
----- Original Message -----
From: "indextrader" <indextrader@xxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Friday, February 18, 2005 9:28 AM
Subject: Re: Salomon Smith Barney Technical Analysis is gone
> I'm sure if they were any good and generated a profit over and above what
> was needed to cover their overhead, they'd still be around.
>
>
>
> ----- Original Message -----
> From: "Riccardo" <riccardo@xxxxxxxxxxxxxxxxxxxxxx>
> To: "'Omega-List'" <omega-list@xxxxxxxxxx>
> Sent: Thursday, February 17, 2005 3:32 PM
> Subject: Salomon Smith Barney Technical Analysis is gone
>
>
> >
> > Dear fellow colleagues and friends
> >
> > From today Louise Yamada TA dept. @ Salomon is no more
> >
> > The whole department proud of decades of tradition of charting is gone,
> > victim of the latest "efficiency" cut
> >
> > I am appalled by this event and lost for words
> >
> > Riccardo Ronco
> > FBR Intl. London
> >
> > --
> >
> >
> >
>
>
>
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