Avant (AVNT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Avant (AVNT)

AVNT 31.25

+3.5%

1:41 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chung Yang who wrote (1239)	10/28/1997 8:46:00 AM
From: Cosmo Daisey	Read Replies (3) of 3441

Chung, Thanks for the optimism about the trading practices of the funds. I know a little bit about the subject. >>>>>For the funds to manipulate AVNT position in order to get out is probably pretty hard. SEC has regulations in place to prevent that. It would have to be a collusion(sp?) among fund companies in order to cheat single investors our of their money. How likely is that? >>>>> The SEC rules don't prevent anyone from doing anything, they merely punish the offenders if caught and the penalties are so small compared to the gains in the market that no one gives them much thought. The price of ones stock is too important to leave up to the whims of the marketplace. Announcment this AM that many companies are going into the market today to buy back shares to stop the slide of prices. Is this manipulation? Are the decision makers protecting their year end stock bonuses with shareholder money? Why aren't 144 filings with the SEC widely available on the internet? Who runs the SEC? Is it former Wall Street pro's who go back to the street after their tour? Why is the legal case against AVNT taking so long? Is it to provide time for funds with huge resources to quietly exit? Chung, as an exercise in fulitility try this: Write to the SEC with a question to their Web Site. You will receive an automated response in a few days saying they are concerned with your question and will get back to you within 90 days. After six months with no response you may get tired of waiting. The SEC won't take on the big boys. Fidelity Funds manager Vinik was doing the opposite in the market from his stated public position, what happened? Nothing. The SEC isn't here to protect the individual investors, its here to make you think that is their purpose. Sure they got Ivan and Mike but Ivan still has smoked Salmon for dinner every night and Mike is involved in the market through his family trust. It takes years to stop a scam brokerage firm from operating and millions out of investors pockets. This is not meant to be an anti-government or anti anything, its just the way it is, its all about money. Listen to the "experts" on CNBC telling us to stay in the stocks. Sure, stay in while they get out. Then they will tell us to average down. Coz

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next