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To: Gottfried who wrote (1299)	9/19/1997 2:47:00 PM
From: Iceberg	of 1894

>This is as blatant a case of insider trading as I've seen. Gottfried, I can't see how it can possibly be construed as anything but pure, crass, insider trading. I bought 1,000 shares of WTT on the 17th at 10 1/8 on no obvious news. So I'm not financially hurt too badly at this point. But psychologically, I'm somewhat shell shocked at this development. Perhaps shaken out of my naivety about how the stock market really works. What it indicates to me is that corporate fundamentals are meaningless if the fundamenals are reflected in a stock's market price before the information is made public. By the time the public learns of shifts in the fundamentals, it's too late. The game is over before it began. My initial conclusion is that 1.) I need to get completely out of the stock market because it's rigged heavily in favor the insiders. Or, 2.) I need to rely purely on technincal analysis, and blow off the so-called fundamentals as being meaningless in terms of stock prices. Is there any other reasonable conclusion? What am I missing? Ice

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