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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (51031)	6/12/2000 10:06:00 PM
From: Taki	Read Replies (1) \| Respond to of 150070

Moneymade and Sirk are on fire on NRPI.Man i see some upside tomorrow. By: M0NEYMADE Reply To: 6762 by Trump25 Monday, 12 Jun 2000 at 7:15 PM EDT Post # of 6771 Tomorrow last day to buy before the teens. M$neyMade! ragingbull.com

To: Joe Copia who wrote (51031)	6/13/2000 12:51:00 AM
From: Jim Bishop	Respond to of 150070

Scam Dogs and Mo-Mo Mamas : Inside the Wild and Woolly World of Internet Stock Trading by John R. Emshwiller, Emshwiller R. John A Likely Classic May 30, 2000 Reviewer: A reader I wasn't sure what to expect on picking up a book with the title "Scam Dogs and Mo-Mo Mamas," maybe me-too Tom Wolfe or a study of dancing soccer Moms. What I encountered on reading is a work I suspect will become classic study of a turning point in investment history and regulation. Imagine, if you will, a bright-eyed diarist among the tulip traders of 17th century Holland, a long-lived Samuel Pepys privy to the shenanigans of the South Sea Bubble, or a wit among the Wall Street brokerages as mining stocks soared and crashed in the 1890's. That's the role Emshwiller fills here with the story of some of the most influential (and colorful) characters to the new Internet trading world. Scam Dogs isn't an all-encompassing or definitive tale of the boom market of the 1990's--that has yet to be written. It isn't about billions sloshing in the Ciscos, Intels, and Microsofts or the fortunes flushed down to cockamamy dot.coms. It's brilliant marginalia, a richly-described world of trade in stocks that are often meaningless at best or fraudulent at worst by figures far beyond the core of Wall Street. These are "marginal men" (and women) who first grabbed and understood the trading implications of the Internet precisely because they lacked the levers that established investment dealers possessed. These were the elves dancing at the leading edge, and, unlike a Salomon or Goldman Sachs swinging weight in a T-bill auction, these tiny folk can individually or in concert can kite or tank only the most rinky-dink of stocks. Such is often the unseemly stuff of revolutions. It is a revolution that government was and still is slow to grasp, as Emshwiller portrays with rich annecdote and history at the SEC. That slow grasp has meaning for us all. Emshwiller, a writer for the staid Wall Street Journal, seems to have a natural wit and an eye for stories that often doesn't make it beyond a newsroom water cooler. He's unafraid to include himself in the tale, to admit that after a night of drinking with a trader he "wouldn't want to drive the bar stool I was sitting on," and that he was endlessly tempted by the possibility of making money from Internet trading, the very same greed and gull that drove what he was writing about. There's wonderful material here that lies on the cutting room of too many first-rate financial journalists. Here is not just the first, easily-grasped annecdote, nor the second. But the third and fourth more subtle tale of TokyoMex in full throes of an emotional speech in which he tells fans and fellow traders "don't be schmucks," or of 400-pound fat man "Big Dog" complaining that though he is worth millions on paper at the moment, "I have no structure in my life," or of the protection-minded short-seller's guard dog who "is either having a very tense morning or appears ready to pounce," or of an ltalian Renaissance scholar and prolific poster bragging of "perfect Eric," her cleaning man from Sri Lanka that "I do have to hide my pantyhose after they're washed or he'll iron them, but that's his only fault." Such is daily life in this revolution. This is wit and insight of a rare sort. To lodge a complaint or so of Scam Dogs: its extracts of sometimes-funny-but-inane emails are occasionally overly protracted; I'd like to have seen earlier some exploration of regulatory disinterest or neglect of Internet touting and trading (Emshwiller does it with great anecdotal familiarity mid-book and then thematically at the end.) And I'd happily have opted for a slightly more elaborate setting of the rocketing market for real-life Intels and Microsofts with real-life balance sheets making possible the fanciful dreams of undiscovered riches from companies most of us--thank heavens--have never heard of. But setting these complaints aside, I found Scam Dogs a brilliant read, a penetrating analysis, and a likely classic look at the era. Peter Quintle, New York