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Pastimes : Business Wire Falls for April Fools Prank, Sues FBNers

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To: JustJohn who wrote (1060)5/1/1999 11:38:00 AM
From: Janice Shell  Read Replies (1) of 3795
 
Another point: you've allowed that the hypothetical person who sells the hypothetical real stock that he owns in order to buy nonexistant Webnode stock would lose money if the stock he sold subsequently went up, and make money if the stock subsequently went down.

Fair to say, since market movements can't be predicted, that he has an equal chance of winning or losing as a result of his "mistake". Note in addition that the "mistake" he made is one for which he bears full responsibility: no one advised him to do what he did.

He has no case at all, in my view. He had even odds. Remember: he took only one real action. He sold stock, which might later go up or down. Webnode doesn't even come into it.
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