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Gold/Mining/Energy : Solv Ex (SOLVD)

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To: BRONCO BILLY who wrote (6244)1/15/1999 1:31:00 PM
From: David Coakley  Read Replies (1) of 6735
 
Great suggestion BRONCO.

One has to wonder what type of person enjoys watching companies fail (for whatever reason), lays off staff, files bankruptcy, and THEN ridicules, chastises, criticizes and laughs in the faces of shareholders who lost money due to the decline.

This type of person has NO business living in America.

Last night I watched a special on ABC about Bin Laden (sp?)and I couldn't help wonder how easy it would be for him to turn his $300mm "nest egg" into Billions by shorting stock through an offshore account (like many of the shorts in the Solv-Ex case did) and then targeting the company with sabotage of some sort. Think of the TWA flight 800 incident or the ValuJet downing in Florida that led to a drop in share price from the $20's to less than $5.

Why should we encourage people to bring down companies for financial gain? Sure your average investor couldn't do that, but what about Dow Jones? CNBC? Bear Stearns, Merrill Lynch, Fahnstock, and the maggots? What about a large company that wants to prevent a tiny competitor from successfully bringing breakthrough technology to market that might loosen its grip on the market (ala Solv-Ex)?

David
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