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To: Erik Lundby who wrote (7803)3/24/2000 10:52:00 AM
From: Mama Bear  Respond to of 18222
 
Erik, the reality is that the SEC errs on the side of caution and allows stock distribution schemes to continue trading. It takes clear and convincing evidence that a company has committed fraud before trading is suspended.

WRT your previous post, put the long shareholders on the list of people who have a financial interest in the stock and therefore can't be believed. It always amazes me when folks accuse the shorts of lying because they have a financial motive but never question the longs who have a stake. From reading these message threads, one would think the majority of SEC enforcement actions for stock price manipulations would be against shorts. The reality is that practically every case the SEC prosecutes for stock price manipulation is against longs trying to sell at inflated prices to the gullible.

Regards,

Barb