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To: American Spirit who wrote (48630)3/8/2001 1:03:55 PM
From: moufassa7  Read Replies (1) | Respond to of 57584
 
Spirit, your talking about fundamentals, from a technical view, NAZ has stalled forming a double top @ 2250. I don't have a downside price target on the NAZ, but after a double top forms the downmove usually last 2-4 days. If I'm wrong I'll cover QQQ just above today's high @ 49.81 Good luck.



To: American Spirit who wrote (48630)3/8/2001 2:38:07 PM
From: john722  Read Replies (1) | Respond to of 57584
 
Tokyo Joe Settles w/ SEC

By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--Yun Soo Oh Park, the Internet stock-picker better
known as "Tokyo Joe," has agreed to pay $754,000 to settle allegations he
defrauded investors who flocked to his Web site.
Park will repay $324,934 of allegedly ill-gotten gains, and pay a $429,696
penalty, according to an agreement approved Thursday by a federal court in
Chicago. Park also agreed to provide a hyperlink to the court order from his
Web site, which is still in operation, for a one-month period.
In settling the Securities and Exchange Commission case, Park didn't admit
or deny the agency's allegations. He had previously sought to dismiss the
case, arguing he wasn't an investment adviser.
"This case has established ground-breaking precedent," SEC enforcement
division director Richard Walker said in a prepared statement. "Those who
are
in the business of offering investment advice on the Internet may take on
the
same duties and responsibilities as other investment advisers."
Park, a one-time burrito seller, operates a Web-based hot-stock alert
service, and members of his "Societe Anonyme" pay up to $200 a month to
receive daily e-mails of his stock opinions and market reports. The Web site
also offers online chat and message boards.
The SEC sued Park last year, claiming he inflated his performance record,
illegally touted stocks and engaged in scalping, or selling stocks he
recommended others buy.
"We're not leaving any profits on the table," said Thomas Szromba, a
senior
trial counsel in the SEC's Chicago office. Under the settlement, he said
Park
will return gains on 13 alleged instances of scalping and one alleged tout.
Park's attorney, Ira Sorkin, said his client wants to "get on with his
life," and noted that he is settling for an amount substantially less than
the
$2.2 million originally sought by the SEC.
"There have been no findings of wrongdoing" by Park, his attorney added.
As
a settled matter, the case won't have broad-reaching impact, he added.
"There's no real precedent here," said Sorkin.
-By Judith Burns, Dow Jones Newswires, 202-862-6692;
judith.burns@dowjones.com



To: American Spirit who wrote (48630)3/9/2001 10:29:23 AM
From: Tradelite  Read Replies (1) | Respond to of 57584
 
To American Spirit: halfway in jest as you said, "By the way, my optimism on wireless growth is fueled by evidence I've seen lately--all the teens having cell phones lately."

Well, I have two sons, aged 19 and almost 22....never convinced them to put my very own cell phone in their car in case of emergency.....they grew up in an affluent area/tech savvy area full of cell phones....all they told was "I don't want my car broken into to get the phone".

I as the parent wouldn't even offer them one if all they were going to do was Yak Yak Yak all day at my expense. I wanted them to have it as a safety precaution and way to call for help if they need it....they declined.

I still have my cell phone for business purposes. They have none. They are happy. I am happy.

So much for growth in the cell phone sector.

This is offered as just another point of view on where cell phone growth is going.