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

To: SteveDavis who wrote (5690)	8/17/2000 11:24:47 AM
From: BWAC	Respond to of 19428

"Anyone that follows guru up or down deserves whatever they get. " Now that statement I can agree 110% with. Just blindly pile in, on, or out cause the sheep herder says so.

To: SteveDavis who wrote (5690)	8/17/2000 11:25:51 AM
From: sommovigo	Read Replies (1) \| Respond to of 19428

SteveDavis, Ummm... not a good defense. You see, ANY group of traders conspiring to trade contemporaneously is potentially in violation of Section 9 - regardless of the state of any stock at any time. It can't get any simpler than that. CYBR, SHMYBR, ARIA, whatever... the stock or it's state don't matter - it is the INTENT to conspire that does, and that is CLEARLY described in the Wired magazine article about Elgindy in April, 2000. Clearly and unequivocally described, in detail. Read the section about Aria... clear as a bell on an Autumn morning.

To: SteveDavis who wrote (5690)	8/17/2000 11:51:23 AM
From: sommovigo	Read Replies (2) \| Respond to of 19428

Anyone that follows guru up or down deserves whatever they get. It's not so blind, Steve. You see, members of Elgindy's posse know that if they short an issue together, especially a small-cap, they can literally cause the issue to depress... thus constituting something akin to a "sure thing". You see, if one Joe Blow shorts 5,000 shares on the NASD - big deal, it just looks like one Joe Blow selling 5,000 shares at market. Not a tremendous amount of selling pressure. When 250 Joe Blows contemporaneously conspire to short an issue, especially a small cap like Aria as described in the Wired April 2000 article, it looks to the market as if there is 1,250,000 shares of selling pressure coming all at once. And that is TREMENDOUS selling pressure for a small cap, especially when it hits the ECN's all at once. The MM's will be happy to move the price down with all of these market sells to get the volatility going and make money on the trades. Meanwhile, the effect is as intended - a sure and purposefully executed depression in price by conspiring to sell at substantially the same price at substantially the same time. Clear as a bell