Anthony @ Equity Investigations, Dear Anthony, Message Board

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

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To: magicrecall who wrote (87784)	11/11/2004 12:57:32 AM
From: Nazbuster	Read Replies (4) of 122087

re: "It will be more tragic if Elgindy is acquitted. If that happens, we all lose" Would it be tragic if he were acquitted because the charges are proved false? It's clear you can't imagine that scenario as being in the realm of possibilities. I can understand your position on naked shorting that drives "defenseless companies" (ha!) out of business. That usually happens when greedy corporate officers, in a last ditch effort to save their fat asses, issue a toxic convertible that simply encourages massive shorting by the investor. I've also heard of short raids that target companies with weak defenses and agree with you that strategies like that should be banned. You're kidding yourself, however, if you think the share volume of shorts generated by Elgindy and his group would be sufficient to put a firm out of business or even seriously alter the stock price. Keep in mind that stocks that became short prospects were ALREADY running with volume and high price. So let's get specific here... Which companies are we talking about? SEVU? NSOL? Any others? SEVU was pumping out false PRs. They were counting as SALES unsolicited units sent to retailers as consignment stock with full guarantee of return. NSOL was (and still is) promoting technologies that have never been funded or implemented. The discovery that the ceo had an undisclosed felony seems to be at the center of this trial for Elgindy, yet that information was readily viewable online. I'm not knowledgeable enough to know if information provided from a private source but which is also public information is to be considered "inside" information. I'm sure that will get resolved at the trial. The government wants to claim that a group that researches in private to take a position in stocks then publicizes their information afterward is somehow acting illegally. Isn't that how all the big firms operate? What's the difference when people post their opinions and research on SI? There it's NOT an attempt to influence the price of the stock? If we've reached the point where people cannot join forces to do research without it becoming a crime, we're all in trouble.

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