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Strategies & Market Trends : Banned.......Replies to the A@P thread.

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To: Yahoot who wrote (767)12/16/2004 12:42:38 AM
From: Bear Down  Read Replies (1) of 5425
 
very simple...... there is no secret that good shorts share their research. If you look hard enough you can find an article were George W bush's former partner, ed rose of the cardinal fund, shared his information on TERN with everyone from the SEC to reporters to anyone that would listen. I think it was in san fran chronicle. Unfortunately the government overlooked the 30+ mill in insider sales that occured shortly after the ceo recieved a cease and desist letter from cable labs.

Is mr rose guilty of anything for telling the truth just because it was reported on by reporters that thought it was a goood story and double checked Rose's research to make sure it was accurate? Is he guilty of manipulation because he had a very large short position and was hoping a reporter would write about the fraud so he could cash in? When his huge loss turned to a huge gain after the conference call heard round the investing world and covered on the front page of WSJ under the headline "short sellers crash conference call using obscene names", was he then guilty of manipulation because he got the information on the streets that was used to debunk the CEO on the CC??

I remember the president of nasdaq once putting me on the line with his head listing officer so I could tell him about the 30 pages of information I was about to send him regarding a fraud stock that had just recieved a nasdaq listing (which was subsequentl revoked before ever trading on NASDAQ). If I had a position in that stock when the listing was revoked and the stock price on the BB got hammered am i guilty of anything other than being a good citizen and preventing the naz from listing a fraud?

If it is the truth, it is not manipulation. If the reporter jumps on the shorts story, smart reporter if they made sure it was true. if a short checks a reporters story and jumps on board with a position I would say that may show a bit of savvy as an investor. certanly not manipulative or criminal.

Good information takes hard research. Taking a position consistent with your research and then shouting so the world can hear and "tell 2 friends" or several million witha good reprorter, make a lot of sense to me. If the truth hurts you so bad (like it did with HITT, MLRE ECNC and countless others) then TOUGH SHIT !!!

If you answered yes to any of these questions you shouldn't work for the government but you should join the puggles fan club with special guest, pyschic cop, Riley G.

Again, just my opinion which is obviously meaningless.
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