To: Augustus Gloop who wrote (3708 ) 1/2/2000 5:46:00 AM From: Puck Read Replies (1) | Respond to
I have a different take on the situation, which I have not heard voiced yet. I believe that the run-up in NETP, Spyglass, and some other stocks on his list were the result of traders speculating about what stocks were likely to appear on his list. It's no secret that NETP and certain other stocks on his list are favorites of his that he has been raving about for sometime. I bought NETP based on his favorable view of the company several months ago, as anyone paying attention to what he has been saying in public about it, both here, on CNBC, and elsewhere, could have done. Also note that some stocks, ie. BWEB, that he is known to view highly also ran-up on Friday yet they didn't make his top 10 list. I think this observation clinches my belief that speculators speculating about what stocks he might place on his list based upon what is known about his views drove these stocks higher, not some sort of premature leak. The idea that he has betrayed his paying customers is completely inconsistent with the dignity and respect he has earned publicly in recent years through his actions. The criticism Steve has received here reflects the hollow souls and empty hearts of his critics, people willing to rail publicly against someone not capable of defending himself at present during the joyous holiday season. There appears to be no cheer or good feeling in the lives, rather cruelty and hate. I applaud you for granting Steve the benefit of the doubt, which is the honorable thing to do. Pity hose not sharing our equanimity: There but for the grace of God go I (and you).
