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To: LPS5 who wrote (472)	8/6/2000 1:26:56 AM
From: SteveDavis	Read Replies (2) \| Respond to of 1426

I would make the observation that if "insider knowledge and secretive disclosure" were so valuable why has George Soros and Julian Robertson had the head handed to them in a basket? If there are two people on this planet that would be "in the loop" on any flow of information it would have to be those two guys. Yet they can't seem to get in step with the market to save their lives. Now I would place the blame on selective disclosure with the individual company and not the analyst that is the receiver of such information. I think the SEC should hit a company with a huge fine and suspend the offender for a short period, 60-90 days. I am pretty sure the SEC has a say over who can serve as an officer of a public company. As with hitting the mule with the 2x4, it will only take the one whack and everyone else would fall in line quickly. Also, I think technology has opened that closed door as more and more companies are allowing anyone who wants to log on to the conference call via the net. I would also assume that the MM with the 500,000 share order to sell DELL is concentrating on that and not my 300 share order, LOL. I would be flattered if they are conspiring against me. Steve Davis

To: LPS5 who wrote (472)	8/23/2000 12:06:59 AM
From: Dan Duchardt	Read Replies (1) \| Respond to of 1426

LPS5, Just working my way through this discussion, and this is probably not the best place to start moving my fingers, but in the spirit of the conversation the old physicist in me can't resist :) But that doesn't make a subsequent assertion that a car going from 60 to 50 to 40 to 30 miles per hour is accelerating any more correct - does it? Actually, such an assertion is perfectly correct. Technically, any object that changes speed or direction is accelerating. The common usage of the term deceleration to describe a reduction in speed is just a special case of the more general physical phenomenon of acceleration. Dan