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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: peter michaelson who wrote (76399)5/24/2002 12:57:50 AM
From: TheLineMan  Read Replies (2) of 122087
 
Excuse me, shorting a stock while some poor sod is buying it without knowing that it's a scam doesn't help the poor bastard. If Tony made his info public first it might, but then he wouldn't make the cash he did. So don't tell me shorting on inside info is a public service. If you want to help someone warn first short sell later.

The main point, is he used illegal means to glean information for his enterprise. Information to which no one except the FBI was priveledged to. Doesn't that give you an advantage over every other trader? Weren't other traders hurt too?

The second point is the extortion racket. If he accepted stock to stop spreading negative information - aren't people hurt? Blackmail is a crime, if I know someone commited a crime and extorted them - I would be harming the public.
I doubt that Tony was/is concerned about the public - I think his motivation was always money. Having said that he was a damn good short seller. Why would he go that far?
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