Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: Solid who wrote (20061)	3/9/2000 11:06:00 PM
From: MIKE REDDERT	Respond to of 29970

Solid, The government tried to get Jefferies once before on a "stock manipulation" charge, but these things are hard to prove, and the various market players know that. With the magnitude of money involved, I think it involves the standard question of what is the greater risk... the SEC or several million dollars. All of the "houses" use the ratings game to their own advantage, so the SEC is faced with the dilemma of which kettle has the bottom with the greater carbon deposit... and they all have it to some degree. To me, the Jefferies deal was particularly glaring, considering that it occurred on the morning following an intra-day reversal on very heavy volume. JMO Mike