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Non-Tech : Bill Wexler's Dog Pound
REFR 1.610+3.6%Dec 9 3:59 PM EST

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To: CatLady who wrote (7134)3/9/2000 12:40:00 AM
From: Kevin Podsiadlik  Read Replies (2) of 10293
 
If Bill were here, he doubtless would have noted...

The DTN stock fraud comes to an end

Shares of Data Transmission, a paid provider of weather and stock information readily available free on the Internet, traded as high as $46 in spring of 1998 on takeover rumors which proved to have been staged, before trading down to the teens in March 1999 and later in December 1999.

DTLN shareholders finally got their long awaited buyout, but, much like the TAVA shareholders before them, at rather less than they had previously aspired to (in DTLN's case, $29 a share), and after having their money in DTLN sit out one of the greatest bull runs in market history.

Proponents of GUMM could take a lesson from those who advocated DTLN on this and the Profits of Doom thread. After a few months of debate no less contentious than that of GUMM, the DTLN advocates eventually saw the futility in further argument and left this thread in peace. Karma rewarded them by allowing them to roughly break even on their investment in the end.
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