Shorting with Offshore Accounts Message Board

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Non-Tech : Shorting with Offshore Accounts

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To: Colin Cody who wrote (82)	2/28/1999 1:39:00 AM
From: Mark Davis	Read Replies (1) of 127

Hmmmm. Money being made by swindlers and those free riding on the backs of swindlers. Money being lost by pinheads and nincompoops. and maybe some E*traders that get locked out when it comes time to sell. SEC can't protect against every scam, there's too much, and it's too easy. Check out the doings at a scammer calling himself(s) "fasttrade". They hide behind an anonymous mailing list, and release a 'pick' at a specified time. Last time they did this, the stock went from 1 3/8 to 6 in about 3 minutes, and back down again about as fast. Time for the crook(s) to get in/out and leave a trail of big losses behind. SEC needs to run a trace, find out who this is, check their trading records, and if they 'front ran' the stock, confiscate the money. BTW, the definition of 'front run' has now been reduced to about 1 second. Ain't the internet great!

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