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Strategies & Market Trends : Rande Is . . . HOME

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To: Condor who wrote (48406)	3/5/2001 12:03:26 PM
From: Rande Is	Read Replies (1) of 57584

Here is a story by James Cramer, whiner extraordinaire, about the New York Times article on Jonathan Lebed. thestreet.com Note the part where Cramer admits to being suicidal. . . I disagree with his spin of the SEC being made out to be incompetent in the article. I feel the SEC deserves what they got, having targeted individuals for doing exactly what analysts have done for decades. . .and on a FAR FAR bigger scale. Is there much of a difference between Blodgett, Meeker and Lebed? Manipulations like pump and dump happen every single day on Wall Street. Yet the SEC turns a blind eye and rather insists on trying to "send a message" to the Individual Investor that they are not welcome playing the same games as Wall Street plays. At the end of the article, Cramer says, "In the Lebed case the good guys won. Don't ever forget that." He is wrong!! Lebed was allowed to keep 2/3rds of his take on his Pump & Dump spree and has not been incarcerated. What crook wouldn't take that deal for robbing $800 grand? We will be lucky if the Lebed Pump & Dump case isn't distributed among inmates as a case study for the "new frontier" of theft on the net. The whole subject is sickening. Rande Is

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