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To: lorrie coey who wrote (4656)2/10/2000 11:53:00 PM
From: Jim S  Read Replies (1) | Respond to of 17683
 
That's quite a conspiracy you outline there, lorrie. Does it also account for other Naz up and down days, or just yesterday and today?

Let's see if I got it right:
-website owners hack themselves so they can't accomodate customers
-some of these hacked sites are OLBs, and those of us who use them can't trade
-this causes the Naz to go down, and the hacked sites shout with joy
-the next day, the hacking stops, causing the Naz to go up on big volume
-the Feds know what happened, but they will find a scapegoat to blame so the general public will never find out what really happened.

Does that pretty much sum up your "theory," lorrie?

Um, are you a blond?



To: lorrie coey who wrote (4656)2/11/2000 1:39:00 AM
From: Gary M. Reed  Read Replies (2) | Respond to of 17683
 
Lorrie,

Yeah, I'm sure online brokers like E-Trade were SOOOO glad to have their sites go down. It's every online brokerage's dream to have their site unavailable during market hours. Let's see...their site goes down, then their phones get bombarded with frantic customers who are pissed off because they can't access their accounts. As a result, their customer service reps are pissed off because they spent all day dealing with people who were incredibly ornery after spending hours on the phone waiting for someone to pick up the call. Customers respond by filing complaints with the NASD against the brokerage. Many other customers move their accounts to other brokers. In addition, the plaintiff attorneys swarm like sharks who smell blood, confident that they can make a class-action suit (every attorney's dream) out of it. And of course, last but certainly not least, the brokerage loses out on trading commissions.

Yeah, I see your point...E-Trade had this planned all along...and I'm sure JFK planned his own assassination too, right? Sheesh...



To: lorrie coey who wrote (4656)2/11/2000 8:55:00 AM
From: Larry Fahy  Read Replies (1) | Respond to of 17683
 
Hi Lorrie, this link talks about the hacking event being a "branding" opportunity. Along the lines of any publicity is good publicity.

zdii.com

Or is it all tongue in cheek?