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Non-Tech : Auric Goldfinger's Short List
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To: sommovigo who wrote (5704)8/17/2000 7:18:03 PM
From: peter_moreno  Read Replies (2) of 19428
 
I know trying to argue with you and little Timmy is a lost cause but lets try again.

When Elgindy, for instance, tells his posse via telephone, fax, or IM to short a stock and they act within moments (as quoted in the Wired article of April, 2000), and this information is not made public - that could be considered to be CONSPIRING (as it involves more than one person, and it is privately done) and since he has 250 members acting "within moments" to short a stock, it falls under Section 9 as someone selling with knowledge of others selling at substantially the same price at substantially the same time.

Do these people tell people to go forth and short or do these people merely state what they are doing and others make up their own minds?

Peter
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