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To: re3 who wrote (82898)1/9/2000 3:03:00 PM
From: Ken98  Read Replies (1) | Respond to of 86076
 
Ike & Nick, that's a very interesting article. Note that the author likewise commented on the irony of the SEC pursuing Tokyo Joe like the dogs of hell while the stock pimps run wild:

<<While this has been going on, here?s what the Securities & Exchange Commission has been doing. On Wednesday, for example, the SEC announced the filing of fraud charges against one Yun Soo Oh Park (aka ?Tokyo Joe?), the operator of a popular investment advice Web site, for scheming to sell his own personal positions in stocks even as he was recommending the stocks as ?buys? on his Web site. The action marked the SEC?s second such move in recent weeks ? part of a welcome and much overdue drive to crack down on the outrageous market manipulation that has been taking place in NASDAQ stocks on the Internet.

But all the thievery that has ever taken place on the Internet ? and probably ever will ? is nothing compared with the wholesale looting of the market that has been going on in the name of free-market capitalism by underwriters in the IPO game.>>

Also, here's an earlier article about the coming "consolidation" of e-tailers. Me thinks "consolidation" is a fancy word for bankruptcy.

zdii.com

But what do the stock pimps care? After breathlessly proclaiming e-tailing as something akin to the Second Coming, they have quietly moved to the arena of B2B to ply their wares. Meanwhile the bloated corpses of the e-tailers are just starting to float to the surface...