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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (5680)	8/17/2000 11:05:30 AM
From: sommovigo	Read Replies (5) \| Respond to of 19428

MamaBear, I know that you have followed Elgindy for some time. I'll give you an example of Elgindy in action: Anthony Elgindy was quoted as saying in a Wired magazine article of April/2000, "Wall Street is the most manipulated scam and corrupt marketplace on the earth right now..." However, as a contrasting comment, the author of the article had this to say about Elgindy (and short-sellers in general): "...the fact is that Anthony isn't really competing against the market makers. Instead, he's picking his profits from the pockets of the legion of small-time plungers." The same Wired magazine article had this to say about the online short-selling guru: Two hundred and fifty amateurs pay $600 a month to follow Anthony's trades. When [Anthony] moves, they move... Within minutes, the 250 traders ... respond to his burst of lyricism with collective action. This is a TACIT example of manipulation by means of contemporaneous shorting - textbook, IMHO. Read Section 9 - this is EXACTLY what is being described in Section 9 as price manipulation. Sorry, Barb - all of your fantasies about my interest in facts - unsubstantiated. Here I have given a very specific and useful example to you of what it means to manipulate price as described in parts of Section 9 of the Securities Exchange Act of 1934. Will you be counted amongst those who shorted contemporaneously against CYBR or ARIA or any other stock Elgindy or Auric recommended a short-attack on? Yes, short-attack. What was described in the Wired magazine of April, 2000 was a TEXTBOOK SHORT ATACK, and it's not legal. If you are one of the posse piling on to short a stock, you may be guilty of fraud.