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To: Road Walker who wrote (112686)10/6/2000 7:32:22 PM
From: CountofMoneyCristo  Read Replies (1) | Respond to of 186894
 
I would refer you to the posts made here and elsewhere after Stock Operators issued that recommendation to sell all long-term holdings September 21 in the wake of the INTC warning after-hours. We were villified by many across the country. This is where we begin to question the honesty and candor of public commentary now emanating from certain quarters. Please research the posts made here at SI. Who else stepped up and issued the same warning? The fact is, though the Nasdaq did not crash 500 in a single day, it has crashed by that margin since our recommendation. That is not conjecture; it is fact. Those who heeded our warning avoided an enormous market downturn.

As for your comment about timing, I repeat: we issued our warning 15 hours before thirteen Wall Street investment banks did, and I would question whether any other site in our field dared issue a clear and unequivocal call such as ours, before the entire trading and investing community. In light of what we know of the business practices in this field, we are not one whit surprised that no one else would dare what we did - that would involve some risk of reputation, and also require clear, simple honesty. These are things which our "colleagues" in trading would never, ever deign to accept. Criminals cannot suffer sunshine invading their dominions. Out in the open, without their repulsive, corrupt cloak of deceit and dishonor, they are completely naked to both truth and consequence. There they shall be very soon. There they shall face an accounting for all they have done.

The reaction here to our vindication is so very typical. You are completely disingenuous. However, the days of liars and cheats controlling day trading are numbered, my friend.

Sincerely,

Olivier L. F. Asser