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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: M. LaMancha who wrote (4172)	11/13/1999 12:34:00 PM
From: Ocean_Joe	Respond to of 19428

That article is the first of two Greenberg article's that I refer to and have been rebutting with facts. Greenberg is a shill for Cramer's hedge fund, among others. During the first short crushing, Greenberg wrote a similar misleading article, and the stock within a day fell and then steadily rose some 20 points as the facts became known. Greenberg followers that shorted (many did not cover) are now some 25pts+ in the red! The yahoo ANCR board has a blow by blow account of that Greenberg fiasco as well as debunks the story you pasted. The "short" of it is this: ANCR represented that ANCR is NOW shipping to SUN; Greenberg tries to confuse and mislead readers into thinking that ANCr represented that SUN is shipping for STOR edge. ANCR has never made any representations about dates of SUN shipping, be it STORedge or other applications (and there are several). One of those other applications of switches by SUN involves replacing a large installed base of hubs, a non STORedge application and sale, but of course Greenberg does not print that. Greenberg knows his reputation is at stake (if not lost)and that he is being exposed as a shill. It is so bad that Greenberg sends his cub "reporter" to ask irrelevant straw man argument questions. Keep in mind millions, probably tens of millions, are at stake in this poker game where hedge funds are desperate to sink ANCR. Note too Greenberg's use of straw man arguments, quoting BB rumors and then shooting them down with quotes from competitor's analysts. Note too that Greenberg did not fully quote ANCR management comments. Anyway, the market reacted to that article and to a DOW JONES news story by at first dropping to 50ish (last hour trading Thus, no chance to check the story) and then on Fri, with facts checked and rebuttals in hand, vaulted back to 57, and settled at 60. Even CNBC caught on to the organized ploy by shorts, saying that CNBC has been besieged by people wanting to hear bad news about ANCR, CNBC is wise to that, and Faber commented "anyone stupid enough to short this stock in the explosive industry . . . " quoting from memory. Some ANCR longs have it on tape. Friday, Squawk Box, 7amish. In conclusion, there is no substitute for knowledge. I am in the trenches on this one and personally talk to the CFO when necessary. This is one of the most amazing rounds of poker that I have seen. I am told to expect a Barron's article attempting to trash ANCR, which will of course be promptly debunked (as I buy again if the price dips). If you have any other specific questions, do not hesitate to ask. I will likely point you to a Yahoo post as they have probably already been asked and answered better than I could. Ocean Joe