The New Economy and its Winners Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The New Economy and its Winners

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: techanalyst1 who wrote (12505)	7/2/2002 12:50:18 PM
From: Lizzie Tudor	Read Replies (2) of 57684

and insiders profited knowing it was all a big fat sham. Do people think Bernie put 400mm into declining wcom stock knowing it was a sham? I'm talking about his original purchase which was on margin that put him under. And then the board guaranteeing the loan because they were afraid dumping that amt of shares would cause further decline, why would they do that if "everyone knew" the books were cooked and they only had a year or so to go? I think this witch-hunt after insiders is a little overdone, personally. Some like Vinnick of glbx truly profitted and it appears he knew the whole thing was a house of cards. There are others like him, but it sure isn't everybody or even the majority, imo. Getting congress involved to "protect the little guy" scares the heck out of me. We're going to wind up with more bad laws like the stock option exercise tax (where you are taxed when you actually want to BUY stock) from 96- congress was going to "soak the rich" with that too. The opex pieces make it look like Gaap is black and white, too which we all know it isn't and can never be. L

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next