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Technology Stocks : Stock Swap

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To: Jeffrey S. Mitchell who wrote (15580)10/9/1998 1:44:00 PM
From: Kachina  Read Replies (1) of 17305
 
As is often the case - the CNN piece is coming just at the point that the Beanie baby market seems to be tanking. Beanie babies that sold for hundreds are now getting tens of dollars.

And - there is such a thing as a Beanie baby knockoff that is utterly indistinguishable from the real thing. Even forensics does not help you when both are manufactured in the same area of the world outside the USA.

A Beanie baby costs a few bucks to manufacture and ship to the USA. Once here it can fetch 10 times that, no problem.

You do the math. Do you think that asian sharpies who are running such things as child prositution rings, drugs, silicon "gray market" goods hesitate to take advantage of such a market? Do you think that they consider the risk low for the reward? Do you think that it is hard to get cooperation and silence from all parties when their nations have huge portions of the former middle class homeless? What do you think the view is of the stupid americans? Oh, right. I can just hear the outcry to set up a Beanie Baby securities and exchange commission right now.

Driveling dribble from the TV set. Eat it if you like.
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