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Strategies & Market Trends : Sharck Soup

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To: Kevin McKenzie who wrote (16)8/27/2000 12:09:23 PM
From: Sharck   of 37746
 
"Could you explain the clues that you and your group saw on Friday that led you to believe the EMLX PR was bogus? I know you mentioned the failure of the company to halt before the PR was released as one telltale. What else looked suspicious?"
Yes most certainly, the CEO on CNBC saying it was a bogus PR was the other give away ;-)....
Seriously, we didn't have much time other than to guess it could have been a hoax. It wouldn't have been the first time this has happened. CEO of EMLX was on CNBC only a week ago with audit sales figures of a nice turn around which was another clue, either he lied on national TV and would surely be held liable, or some disgruntled employee or scrupleless Daytrader with a heavy short position would have attempted to pull it off... I didn't see the PR but heard it looked amateurish if this helps... Hope we all learned something...
PS How would you like to have his job, huh. CEO of a multi million dollar company and the first priority of the day is to click on the Faber report, LOL....
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