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Non-Tech : Auric Goldfinger's Short List

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To: Kevin Podsiadlik who wrote (337)10/17/1998 4:13:00 PM
From: Khris Vogel  Read Replies (1) of 19428
 
I understand LBOR claimed to believe the same thing. We'll wait and see what NYSE says.

OK, fair enough. But you have YET to back up your comment about the 'powers that be' or the 'greater powers' or however you put it slapping LBOR for alleged mischaracterization. Did this or did this not happen? Or, again, were you just speculating?

I think that's a very straight question, and would appreciate it if you would address it.

As far as your comments about PR'S discussing pending NYSE's - sorry, but I'm throwing that back in your lap. Like you, I don't have the opportunity to research that today either (I'm holed up in my office today, trying to get financials published for meetings my co. is having in Japan on Monday). If you have the time or desire to do the research, I'd be prone to take your findings as gospel.

Just out of curiousity, do you actually follow this thread, or do you routinely do full text searches on "LBOR" on these boards?

Except for my holdings that are very, very widely held (e.g., Intel), I do perform text searches on ALL my stocks over and beyond reading the posts on the threads I've got bookmarked. And as it works out, due to the nature of the crap spread about re: LBOR during this short attack, I do find of a lot of junk on various threads about LBOR, a high degree of it being misleading or outright false.

Again, I don't have a problem if person X decides to short a stock I have a long position in, and I don't have a problem w/ listening to X's reasons for being short as long as such reasons have some kind of basis in reality (examples of this would be shorting a stock because the valuation is richer than warranted, shorting a stock because increasing competition likely to create downward pressure on margins or cashflow, or shorting a stock because of poor a balance sheet).

But I take profound offense when I see certain shorts trying to negatively impact investor sentiment by posting lies and/or erroneous items about stocks, whether such stmts. are made knowingly or wrecklessly because somebody is too lazy to get off their ass and do their own research, relying on some idiot short guru who strokes his ego by naming a board after himself. To me, posting false negatives is absolutely as low and unscrupulous as somebody falsely hyping a stock, knowingly making all kinds of misrepresentations to entice investors to buy the stock; both sources of such hype - upward or downward - should be shut down and shut down hard. When somebody has to stray from the truth so as to influence others in this arena, I character such moves as having strong elements of fraud and theft. JMO.
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