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To: afrayem onigwecher who wrote (2054)6/1/2000 10:56:00 AM
From: StockDung  Read Replies (1) | Respond to of 3392
 
Most feared man on Wall Street uses stock100.com? Too funny



To: afrayem onigwecher who wrote (2054)6/1/2000 11:29:00 AM
From: StockDung  Respond to of 3392
 
13, thats unlucky

Cauley & Geller, LLP
888.551.9944
cauleypa@aol.com
classlawyer.com

Cohen, Milstein, Hausfeld & Toll, PLLC
888.240.0775
afriedman@cmht.com
cmht.com

Wolf Popper LLP
877.370.7703
rfinkel@wolfpopper.com
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Milberg Weiss Bershad Hynes & Lerach, LLP
800.320.5081
endfraud@mwbhlny.com
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Burt & Pucillo, LLP
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Weinstein Kitchenoff Scarlato & Goldman Ltd.
888.545.7201
msgoldman@wksg.com
Web site not given

Hoffman & Edelson, LLC
877.537.6532
hofedlaw@aol.com
Web site not given

Gallagher Sharp Fulton & Norman
800.229.5310
dkaron@gsfn.com
gsfn.com

Pomerantz Haudek Block Grossman & Gross LLP
888.476.6529
agtolan@pomlaw.com
pomerantzlaw.com

Wolf Haldenstein
800.575.0735
classmember@whafh.com
whafh.com

Dyer & Shuman, LLP
800.711.6483
kshuman@dyershuman.com
dyershuman.com

Lowey Dannenberg Bemporad & Selinger
914.997.0500
ldbs@westnet.com
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Schiffrin & Barroway LLP
888.299.7706
info@sbclasslaw.com
sbclasslaw.com



To: afrayem onigwecher who wrote (2054)6/2/2000 2:24:00 PM
From: StockDung  Respond to of 3392
 
Shopping.com saga comes to a close.Waldron & Co. convicted of market rigging scheme msnbc.com

OPINION
By Christopher Byron
MSNBC CONTRIBUTOR

June 2 ? It took over two years to come to trial and be resolved, but this week an eight person civil jury in California confirmed what MSNBC.com exclusively reported in a series of articles in the spring of 1998: that a now defunct investment firm named Waldron & Co. had engaged in a massive market rigging scheme to corner the stock in an Internet retailer named Shopping.com, Inc. and force up the price of the shares through a complex gimmick known as above-market buy-ins.

IN THE CASE, the jury awarded the plaintiff ? a San Francisco hedge fund named Corsaire Partners ? $920,000 in total damages on a finding that Waldron and its back office clearing firm, Wedbush Morgan Securities, had cooperated in cornering the market for Shopping.com shares after the company went public in a Waldron-underwritten IPO. Thereafter, the jury found, Wedbush ? a leading securities clearing firm ? used its own capital to finance Waldron?s manipulation of Shopping.com?s stock price through so-called above-market buy-ins.
Above-market buys result when a short-seller of a security is asked by a buyer (a ?long?) to make actual delivery of the shares. If the stock is so scarce in the market that the short-seller cannot obtain the requested shares through open market purchases, the broker for the buyer of the shares can go into the market and offer a price high enough to induce an existing holder to sell ? then buy the shares at the offered price and simply charge the short-seller?s account.

On the Shopping.com trail


? On the Shopping.com trail


? Shopping.com resumes trading


? Compaq buys Shopping.com
In the case of Shopping.com, these over-the-market buy-ins forced the company?s stock price from $9 per share at the time of the IPO in November of 1997 to nearly $40 by February of 1998, making the offering one of the first dot-com IPO super-stocks of the late 1990s.

This gave Shopping.com a market value of more than $200 million when the business itself was almost worthless. To create the appearance of a thriving online retailing business, the underwriter of the offering had bought substantial quantities of office supplies from the Shopping.com Web site prior to the IPO but never disclosed that fact in the IPO registration statement.
Trading in Shopping.com shares was halted by the Securities & Exchange Commission following the MSNBC.com disclosures, and the company itself was eventually acquired by Compaq Computer Corp. for an aggregate purchase price of $257 million in February of 1999. Six months later Compaq bundled the asset together with the Alta Vista Co. search engine business that it had acquired in the takeover of Digital Equipment Corp. and sold an 83 percent interest in the package to CMGI, Inc., the big Internet holding company.


As for the others in the case, Waldron Co. itself is now out of business and its president and CEO at the time, Mr. Cere Perle, is now an insurance salesman in the Los Angeles area. The Federal Bureau of Investigation is known to be conducting a criminal investigation into various aspects of the Shopping.com matter.



To: afrayem onigwecher who wrote (2054)6/2/2000 2:35:00 PM
From: StockDung  Respond to of 3392
 
Hey Auric..Don't you remember IBUY?

To: Auric Goldfinger who wrote (119)
From: mormon_thomas_crown Wednesday, February 16, 2000 3:00 AM ET
Reply # of 160

Hey Auric..Don't you remember IBUY? Was that a fraud when Compaq paid $18.25 per share! When are you going to learn? This phantom Isaac is a classic example of you refusing to recognize that you cannot pick those who have a quality product/service from those who may/will fail. Did this so-called Isaac clean your clock and eat your lunch on IBUY?
You shorted IBUY/Shopping.com and lost your rear end and have been smarting ever since. Now you are on the losing end again. Get a life and quit while you still have money in the bank. Or have you lost all of your cash with your common sense.

Everyone beware!!!!!!!!! Take the contrary approach...everything Goldfinger shorts....buy. Just look at his track record with IBUY for a start.