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To: Mark Konrad who wrote (33028)	8/27/2000 6:50:31 PM
From: Jim O'Connell	Respond to of 57584

Could one of you give a TA opinion on PCLE and XLNK. Thanks Jim

To: Mark Konrad who wrote (33028)	8/28/2000 12:46:29 AM
From: ~digs	Respond to of 57584

Mark, As far as the NASD busting up trades in EMLX and its supposed deterrence towards future newswire hoaxes... one thing to consider is that the perpetrator of such a crime could have never even traded EMLX at all on Friday or days previous. Instead, they could have just played the stocks that rose and fell in sympathy to the EMLX fiasco (JNIC, BRCD, QLGC etc). So then, if the scamers can still make money without having to trade the targeted stock... the busting of trades in EMLX serves only to help the innocent whom may have lost money because of the debacle. And surely it doesn't make much sense busting up all the trades in all the issues that were effected by the hoax. Here is a good dissertation of why not to do so: Message 14277424 In my opinion, the newswires should be responsible for the truthful accuracy of their publications. That might mean extensive ways of verifying legitimacy, but so be it. If the FCC were to instate a hefty monetary penalty for the allowance of the dissemination of blatantly false news via a wire service, then the newswire organizations themselves would have to be much more certain about the content of their respective bulletins. In this case, the blame would be on Internet Newswire (correct me if I'm wrong), as they were the first to publish that fraudulent press release. Respectfully, Dave

To: Mark Konrad who wrote (33028)	8/28/2000 12:51:50 AM
From: maverick61	Respond to of 57584

Mark, some very interesting and cogent points you raise. While I do buy into the concept of upholding the public trust and a sense of fair play, I guess I ultimately still differ with the conclusion you draw. That said, I nonetheless certainly understand where you are coming from. As I said, there are lots of good arguments on both sides of this story, and I am sure this will be a very good case study for many years to come. I guess the best outcome that will come of this now is the perpetrators are caught, punished, and the wire services implement stronger controls to prevent something like this from reoccurring.