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Technology Stocks : Globalstar Memorial Day Massacre
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To: Maurice Winn who wrote (261)5/28/2000 7:19:00 AM
From: Mama Bear  Read Replies (2) of 543
 
Maurice, I believe that TJ got in trouble for acting against his recs, i.e. selling into the buying he created when he said buy, and vice versa. Published newsletters have been making recs to subscribers for years with the full protection of the First Amendment. It is not the action of saying 'buy' that is wrong, it is the action of selling against that. WRT your situation here I'm not sure I would be so sanguine as you. The fact that the SEC has not taken action against you in such a short period is meaningless. The action against Joe took months from the time the evidence against him was presented to the SEC. The thing that I see that may have you in hot water is choosing the specific date. No, promoting the idea that folks should put their stock in a cash account is not anything less than protected speech, but you seem to miss the point that doing this in the manner you have chosen could be construed as collusion. I admit that I'm not a lawyer, and I've found this entire exercise amusing. I know you say that folks have pm'd you claiming to be lawyers and told you that this is ok. Of course one can be anything on the Internet. Perhaps it will be a moot point if no price change occurs, or if you maintain any position that you hold as you've claimed you will. I think the result will be a movement of the short position to offshore brokers who require no borrow to initiate a short position, but again, that's just my speculation.

Regards,

Barb
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