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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Haim R. Branisteanu who wrote (19606)	7/7/1999 10:11:00 PM
From: dennis michael patterson	Read Replies (1) of 99985

Haim, I am not long Yhoo, but profited from it in a recent trade. As to fraud, fraud is not a crime, it is a civil infraction. Of course, a fraud may be of such a nature that it rises to the level of a crime (e.g., theft by deception). The mere making of false statements is not fraud. The mere making of false statements which induce reliance is not necessarily a crime. Hence my question. (but the case you cited implicates a Federal Statute which makes it a crime to make false statements in the context of dealing with a federally-insured bank). But, the juridical questions aside (which are inherently interesting, I grant you!) you know doubt know that accounting issues are the subject of much discussion and debate beyond internet stocks. I have read similar complaints about IBM by Mike Burke and LU (one of your favorites) from Bob Olstein. There is nothing special about Yhoo, in this regard, IMHO. Alles Gute!

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