Smith Barney is part of the Citigroup group of companies.I just...

Smith Barney is part of the Citigroup group of companies.

I just got a call firm the ASX after I had complained that Citigroup had reportedly sold shares when Smith Barney had a strong buy recommendation on Nylex.

Evidentally all of that is true.

But The ASX thinks that's OK.

The reason is:

Smith Barney are for normal people, the Citigroup(at least the section involved) are for Institutions.

Smith Barney still think Nylex is a strong buy and were buying Nylex shares about the time Citigroup were selling Nylex shares.

Citigroup seem to have got upset and sold their shares.This was when they realized one prediction they were mistakingly basing their buys on was thier own prediction and not one made by Nylex.

...................it makes you wonder about the fickleness of the market doesn't it?