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Strategies & Market Trends : Guidance and Visibility
AAPL 260.21+0.3%Jan 12 3:59 PM EST

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To: Dave Gore who wrote (75257)9/28/2002 2:00:15 PM
From: X Y Zebra  Read Replies (1) of 208838
 
Furthermore we aren't even talking about subtle acts. These acts are often balatantly obvious. Sometimes they are even semi-legal. More importantly when they're not, they know the odds of getting caught are so low as to be laughable to them. Fines are meaningless even if they are.

Even more laughable is the enigma (at leas to me) that...

Why is it that the SEC allows that these bands of scumbags to trade their fleas in a public market and have the privilege of NOT reporting to the SEC quarterly/annually as the big boys do, under the pretense that these are "fledging entrepreneurial companies that need to be spared of the expense of proper audits"

But why do so many Wall Street thieves go un-policed and un-punished?

Duh !...

If the ENRONs of this world with "proper" (!) auditing firms on the watch cheat, imagine what goes on in the world of the flea markets where reporting is consider a nuisance and unfit to be applied to them...

I say...

1. The SEC ought to be indicted for negligence...

2. Every dumb-bell who loses money in the pennies deserves it just for the mere fact of putting money there in the first place.

3. Complaining about it just makes it look even dumber.

4. The producers of dumb and dumber ought to scan the stories that such circus offers us all, as a result, we would get funnier movies and a lesson in common sense.

Just scan some of the penny threads right here on SI to see how dumb and funny some of the events/stories were... (and I suppose still are in many instances)
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