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Pastimes : Jonathan Lebed, 14 Year Old Boy Fined 1/4 Million by SEC -- Ignore unavailable to you. Want to Upgrade?

To: donjuan_demarco who wrote (112)9/23/2000 7:42:20 AM
From: donjuan_demarco  Read Replies (1) | Respond to of 172
 
Another problem I have with this is the emphasis on whether the kid sold into the hype he created. To me, this is irrevelant.

Let's say that journalist John Doe writes an article predicting that XYZ, currently trading at $15, will go up by 10,000%. Based on this article, XYZ spikes to $90, and then drops back to $20.

Clearly the people who bought high suffered a great loss. Does it matter whether John Doe sold into the spike? The damaged suffered is the same either way.



To: donjuan_demarco who wrote (112)9/23/2000 2:51:42 PM
From: Street Hawk  Respond to of 172
 
Since Lebed is guilty, this probably means that about 90% of posters on Yahoo are guilty, but not charged.

Also, throw in Dan Niles, Henry Blodget, and that pump and dump analyst from SG Cowen with the $1000 target on QXLC which now trades for under $4. They all deserve to be in Turkish prisons.


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