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Technology Stocks : ADSP - Ariel -- Ignore unavailable to you. Want to Upgrade?


To: Anthony@Pacific who wrote (2012)11/29/1999 6:00:00 PM
From: tonyt  Read Replies (1) | Respond to of 2263
 
Why are you quoted as having 'no position' in ADSP?
Was this just an inadvertent statement on your part, or do you equate a 'short position' with 'no position'?

From the Wall Street Journal:
"Anthony Elgindy, the Pacific Equity analyst who on Friday attributed Ariel's rise to confusion over the nature of its business, is an investor and online stock commentator known for shorting stocks. However, Elgindy told Dow Jones Newswires on Friday that Pacific Equity had no position in Ariel's stock.

As reported in The Wall Street Journal earlier this year, Elgindy was temporarily banned from a popular stock-discussion site, Silicon Investor, for his controversial posting. He was also disciplined by the National Association of Securities Dealers for stock-trading violations in 1997. Elgindy has said the violations were inadvertent."



To: Anthony@Pacific who wrote (2012)11/30/1999 6:27:00 AM
From: Don Pueblo  Read Replies (2) | Respond to of 2263
 
Permit me to ask you a few questions:

Were you advising people to short this stock on Wednesday?

Were you telling them to short it above 10, then above 11, then telling them to short more at the end of the day when the squeeze went off?

Did you then advise them to hold their short position till Friday rather than take the hit and get out on Wednesday at 3:59?

Did you tell anyone short whatever they could, as much as they could on Wednesday?

Did anyone contact you on Friday morning saying that they had shorted everything they could and they were crushed because the stock opened at 20?

On Friday, did any one of your people get wiped out by being forced to cover their 11 dollar short from Wednesday because they ran out of margin? Did any one single person get wiped out? One single person?

Did any of your people get nervous and cover their shorts when the stock blew through 40?

Did any of your people have their positions covered by their broker because they were above their margin limit?

Anybody get a super-delux margin call on Monday morning?

Did any of your people short the stock on Friday without checking to see if any shares were available to short?

Any of your people get a trade cancellation for a trade on Friday?

Anybody get a call from a brokerage firm asking about shorting illegally on Friday?

Do any of your people have no money in their account and a debt to a broker right now?

Did you yourself cover any of your short position while the stock was above 20 bucks?

What would you say to someone who followed your advice on Wednesday, had 40 grand in their account, and shorted 7,000 shares at a average of 11 bucks and then woke up on Friday to see it trading at 22 and going higher and covered immediately? What would be your advice to that person?