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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Zeev Hed who wrote (78519)3/11/2001 3:57:06 PM
From: maceng2  Read Replies (2) of 436258
 
Zeev,

In the UK there were a bunch of scam artists who used to run things called a "closed door auction" selling cheap trash to sheeple who were out looking for a bargain. The scam would include advertising weeks in advance of for bargains that would be sold for "pennies on the pound". They would then use a procedure to filter out the truely sheeple minded folks to sell trash to. This included selling "nailers" (as in nailing your intended targets feet to the floor) where they would actually take a loss selling some trinket below cost. The door would be shut to any who could actually see what was going on.

The IPO business on the USA stock market looks similiar to me except we are talking on a much bigger scale.

The dot.coms were dot.cons. Plain and simple IMHO.

Am I wrong? BTW what is the USA words for "nailers" where you keep sheeple in on a expected "bargain" by giving them something up front (at a loss) so you can arrange the fleecing in full later?

Just my view from what I've seen and heard,

pearly.
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