SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Globalstar Memorial Day Massacre
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Maurice Winn who wrote (261)5/28/2000 6:47:00 PM
From: rrufff  Read Replies (1) of 543
 
I'd like to weigh in and congratulate you on your most interesting thread and discussion. It really would be a stretch to claim that you are manipulating in contravention of the SEC acts and regulations thereunder.

I've written often about the action of some of the well-known short touts. There are associates who render exposes and supposed press releases. Often times these are released shortly before a critical event or near the end of a trading day. When they are questioned, they often state that they have no position. What they don't realize is that when they are working with others, directly or indirectly, with or without compensation sharing, who take positions before the publication, then the issue no longer is protected speech, but rather gets into the area of manipulative conduct. Your activity is in no way comparable to what these shorts may do or try to do. Often times, they have their position established and their lemmings get stuck in the "creation of volume" which follows the release. All in all, this is a very interesting and evolving area of securities law.

You have clearly stated your intent and that you are not profiting in any unfair way. The WSJ article was very poorly written at best.

Again, good luck with your investment and your thread.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News