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Technology Stocks : Emulex, What Prospects? -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (590)	8/26/2000 12:07:23 PM
From: donjuan_demarco	Read Replies (1) \| Respond to of 788

Re unwinding the trades ... I don't see any basis for it. Sure, the people who sold due to the phony PR got hurt, but should their recompense be at the cost of those who were buying at the time? If I buy shares of stock, I don't want to have to worry that someone will confiscate them if it turns out the seller sold them under mistaken impressions. The recourse should be against the guy who planted the PR (of course, there is nothing to recover there), and POSSIBLY against Internet Wire (though that is a bit of a stretch).

To: SJS who wrote (590)	8/26/2000 6:15:28 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 788

SJS, Perpetrators must know that not only will they be accountable if caught, but that no can profit from attempts at outright fraudulent actions. Although I have no position in Emulex, I agree with you that all trades done yesterday should be null and void. Doing otherwise will only encourage others to attempt the same manipulation since the perpetrators have gotten away with their money. We don't know if they were short or looking to buy options cheap, but a 60% haircut is surely more than they had anticipated. If this case goes without some type of resolution such as you suggest, there will be a serious weakening of confidence in the market and the news outlets. It leaves me shaken, especially since I have some margin. Could some lowlife in the future do the same to me? At this point, I have little faith in market mechanisms should a remedy not come forth to help those who lost money yesterday unfairly. It's in everyone's best interests to say yesterday never happened and void all trades that took place. Brian