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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: GVTucker who wrote (151836)	1/24/2000 11:10:00 PM
From: Ian@SI	Read Replies (3) \| Respond to of 176387

Any chance that you believe this story???? ;^) ++++++++++++++++++++++++++++ January 24, 2000 -------------------------------------------------------------------------------- NASD Fines Morgan Stanley For Stock-Price Manipulation Dow Jones Newswires WASHINGTON -- The National Association of Securities Dealers Regulations's National Adjudicatory Council censured and fined Morgan Stanley Dean Wittter & Co. $495,000 for price manipulation. In a press release Monday, NASD Regulation said the investment bank was fined for manipulating the price of nine securities that underly the Nasdaq 100 Index on two separate "expiration Fridays" in 1995 in order to avoid suffering losses. As reported in April 1998, NASD's Market Regulatory Committee had originally fined the company $1 million. The adjudicatory committee's decision affirmed the MRC's findings, but reduced the sanctions and broke the fine down to $450,000 for price manipulation and $45,000 for causing locked and crossed markets. In addition, David Robert Slaine, the former head of OTC trading at Morgan Stanley and five other traders: Thomas Anthony Crocamo, Carl DeFelice, Joseph Louis Ferrarese, Peter Williams Ferriso and Charles McMichael Simonds -- were each fined $2,500. These fines also represent a reduction from the MRC's original ruling of $100,000 fine for Slaine, and a fine of $25,000 each for the other respondents. The adjudicatory council dismissed the charge of manipulation against Robert Scott Ranzman, eliminating sanctions imposed against him. NASD found that Morgan Stanley's OTC desk fraudulently raised the prices it quoted on these nine securities, artificially moving the market for each security, and the opening print price in that security, higher. The firm raised its bids without purchasing any stock prior to the opening. The manipulation caused locked and crossed markets to occur in the nine stocks, violating NASD rules requiring firms to make reasonable attempts to trade prior to locking or crossing the markets during normal business hours. A locked market occurs when the inside bid price equals the inside sell price of a security, and a crossed market occurs when the inside bid price is greater than the inside sell price of a security. A spokesperson for Morgan Stanley wasn't immediately available for comment.

To: GVTucker who wrote (151836)	1/25/2000 1:02:00 AM
From: jim kelley	Respond to of 176387

GVT Niles gets the IDC data on Sunday night and plugs it into his model of DELL which he can buy from Kimberly Alexy and makes his spin on DELL before the market opens on Monday. I do not think he deserves a lot of credit for this kind of performance. A year or so ago he purportedly had a mole at DELL but that no longer seems to be the case. The mole was rumored to have been fired. He never puts together a coherent explanation of his delphic oracles. His explanations consist of grunts and rarely used adjectives. Basically he is trying to make his reputation by churning various stocks. His boss admitted that in print a year or so ago. It was pointed out on this thread. :)