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Pastimes : Investment Chat Board Lawsuits

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To: Jeffrey S. Mitchell who wrote (3256)6/5/2002 10:08:15 PM
From: mmmary  Read Replies (1) of 12465
 
That article is pretty screwy

One, tony of course was always projecting a crash. He's a bear, a shorter.

Two, if he was trying to trade his kids accounts based on preknowledge, why didn't he actually do it if he knew?

Three, this statement is really bad

"Perhaps Mr. Elgindy had pre-knowledge of the Sept. 11 attacks," he said. "Instead of trying to report it, he tried to profit from it."

I can't believe that Breen said that bit about trying to profit from it instead of reporting it. I'm very sure that tony had no preknowledge and he would have reported it if he had known. That just shows you how low they are willing to stoop here.

Four, this last bit is bad too

"Breen said that Elgindy had $2 million invested in positions that would have benefited from a market collapse."

He's a shorter, that's what he does. It's like saying Boeing had preknowledge about 911 and did not report it because they wanted to sell more planes. Just because you're in a certain business doesn't mean that you're guilty of horrible crimes instantly.

Jeff, I'm not disagreeing with you as you didn't even post anything. Just disagreeing with the article, mainly about how the journalist expressed his point of view and the sleazy and misleading comments made by Breen. If they have such a solid case, why go for the 911 bull? I'm sure the FBI knows for sure that he had no preknowledge or they would have arrested and charged him for that also.
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