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Pastimes : Can SI Members Really Manipulate Stocks? -- Ignore unavailable to you. Want to Upgrade?


To: Arcane Lore who wrote (407)11/5/1999 9:11:00 AM
From: Jim Bishop  Read Replies (1) | Respond to of 461
 
LOL, 9:45 for this one, then noon, for the every second Friday, 10 minute momo
--------------------------

YAHOO CLUB - ULTIMATE DAYTRADING CLUB

Dear Members:

Due to a high response rate from our members, we will be releasing the
speculative play of the day today at 9:45 am.

Many were curious as to the actual play symbol, so we will be releasing it
as scheduled but remember our warning email regarding this stock yesterday.

-

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To: Arcane Lore who wrote (407)12/15/1999 7:43:00 PM
From: Arcane Lore  Read Replies (1) | Respond to of 461
 
Per KNBC in Los Angeles:

Alleged stock manipulation

LOS ANGELES, Dec.15 - Federal charges were filed on Wednesday against two men who allegedly used UCLA computers to post false Internet takeover messages to drive up the value of shares they held from 13 cents to more than $15.

Arash Aziz-Golshani bought 20,000 shares of NEI Web World on Nov. 12, and Hootan Melamed purchased 50,000, according to the complaint.

Over the next two days, the men allegedly used UCLA computers and aliases to post numerous messages on bulletin boards on Yahoo! and Raging Bull, falsely reporting that NEI was being bought by another company.

As a result, federal authorities say, the price of the NEI stock jumped more than 115-fold.


msnbc.com