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To: Maurice Winn who wrote (104134)	9/8/2001 11:34:04 PM
From: Jon Koplik	Respond to of 152472

Off topic -- NYT article about Rocker Partners' short-selling guy. I finally read a post that I had noticed (and left a note to myself to "check out" at some point) a while back. It was on the SI "Biotech News" thread (even though there was not a single word about biotech in the entire article). Here is the link : Message 16044313 Here is a "juicy" excerpt (to try to lure you in, to reading a long article) : <<Lernout & Hauspie is the stock that cemented Mr. Cohodes' reputation. The battle between Lernout and Rocker was one of the ugliest ever between short-sellers and a company and it ultimately vindicated Mr. Cohodes. Based in Ieper, Belgium, Lernout is a software company that specializes in speech translation programs. Both Microsoft and Intel backed Lernout, which was traded on the Nasdaq stock market until December; at its peak in March 2000, when it fetched $65 a share, Lernout had a market valuation of $9.3 billion. These days, Lernout's shares trade for 25 cents. Mr. Bastiaens, Jo Lernout, Pol Hauspie, and Nico Willaert, the company's former top executives, have been charged with fraud and manipulating Lernout's stock price. In 1998, Mr. Cohodes tried to buy Lernout's software for his son. He was told by a salesman that Lernout had shipped software that the salesman's company had not ordered. Mr. Cohodes looked deeper. He watched a Lernout demonstration at Comdex, the giant computer trade show, and concluded that it was unconvincing. After examining the company's financial statements, he decided that Lernout had pumped up its revenue with related-party transactions. Later, ... >> Jon.

To: Maurice Winn who wrote (104134)	9/9/2001 12:21:10 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

Off topic - definitive blather on TRIN index -- First ... I heard : "It's great, it's great, it's great, etc ..." (from Ralph Bloch). Then (if I remember correctly), I heard that Arnold & S. Bleichroeder (catchy name for a securities firm, eh ?) guy say on CNBC (in effect) : Ralph Bloch is a douchebag, because the degree to which the TRIN exceeded 2.00 (for two consecutive days) (right now) was very minor (as compared to the August 1982 and the October 1987 occurrences), ... AND (furthermore) ... what is much more important to observe is the moving average of the TRIN number, and ... It has not (now) done anything to suggest a good chance at a market bottom having been indicated. Well ... now I read over on the "John Pitera's Market Laboratory" thread (on SI) yet more analysis of this TRIN business (from the inventor of the TRIN index (!)) And -- it seems to contradict the Arnold & ... guy. Here is the link to the John Pitera thread post : Message 16312069 Jon.