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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: At_The_Ask who wrote (30663)	2/17/2002 9:46:18 PM
From: orkrious	Read Replies (3) \| Respond to of 99280

lying about prospects of a business to potential investors is a fraud if I'm not mistaken. Actually, it's not. Under Safe Harbor provisions of I think the law passed in 1995, executives can essentially say whatever they want as long as they couch it in Safe Harbor terms. They can say that what they say may or may not happen, and then they have no liability. One of the only stocks I held throughout the bubble, on the way up and the way down, was SNDK. I bought in at 13, stayed put as the sucker ran all the way up to 175 and then back down to the 30's before I started selling. I stayed put because the CEO, Eli Harari, made comments like he didn't think demand could be sated for years. I thought SNDK would be immune. Then I saw an interview where Harari was incredibly bullish, but incredibly three weeks later (yes just three weeks) they warned. The bastards. It was then that I started bailing. I often feel like a fool for it, but then I think about all the other poor suckers who rode all of their stocks down. At least I sold plenty near the top. I think that the pervasive lying and stealing from shareholders that people are just now becoming aware of will hurt the stock market for years. ork