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To: Tenchusatsu who wrote (110484)	9/20/2000 10:23:58 PM
From: Paul Engel	Respond to of 186894

Ten - Re: "In one instance, Lebed claimed that a company trading for $2 a share would go for more than $20 a share "very soon." So now we know who SPryGuy really is ! Paul

To: Tenchusatsu who wrote (110484)	9/21/2000 2:36:28 AM
From: nihil	Read Replies (2) \| Respond to of 186894

Jonathan needed a good lawyer, or a big brokerage house behind him. He did nothing more or less than the brokers do every day. "Baseless price predictions" what other kinds are there. Target price $70 or $55? The SEC picks on helpless little shrimp and lets the sharks get away with murder.

To: Tenchusatsu who wrote (110484)	9/21/2000 7:51:02 AM
From: GVTucker	Read Replies (1) \| Respond to of 186894

A couple of thoughts on the kiddie stock manipulator. I realize he broke the laws as they are written, but I don't see that he did anything extremely wrong when compared with a lot of professionals I see trading very close to the grey line of illegal vs legal. Jeff Vinik's trading when he started his hedge fund comes to mind. Vinik would accumulate enough of a stock to necessitate filing a 13D. When that filing was announced and the stock popped, he would sell this stock. In both the case of the kid and Vinik, some very stupid people lost money. In only one case was the law broken. Manipulation of small cap stocks goes on all the time, and almost always from the long side. The main reason I rail against the people on SI who cry 'fraud' is that they complain about the least likely scenario of manipulation--a large cap stock from the short side. That kind of manipulation is very very rare.