Anthony @ Equity Investigations, Dear Anthony, Message Board

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

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To: redfish who wrote (89762)	1/25/2005 3:20:37 PM
From: peter michaelson	Read Replies (2) of 122087

Redfish: Having witnessed some of the courtroom proceedings, I can say that the jury was presented with books upon books of trading records and other information. From that huge volume, the prosecutor would select particular trades enabling him to point out that on a particular day Tony purchased a particular stock. Active short traders will frequently box a position, or cover temporarily, trying to not be short during a run-up, or locking in a profit, hoping to re-short at a higher price. In many cases these are partial boxes/covers, where the net position was still short but a buy trade was in the record. So, there were easily many trades where Tony bought a stock that the day prior he recommended selling, etc etc. Any active short trader would have the same kind of examples of trading counter to what his stated position was. Anyway, I think this reflects some of what actually happened, though I don't know each and every fact nor what the jury's thinking was. I do know that the prosecutor pointed out particular trades of my own, many of which were not reflective of the entire set of trades in that stock.

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