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

To: Cactus Jack who wrote (33480)	2/26/2002 11:24:00 AM
From: Lone Star	Respond to of 99280

Oh sure, it was on the WeBeShort News network, an offshoot of the WB ( right after Buffy).

To: Cactus Jack who wrote (33480)	2/26/2002 11:56:31 AM
From: Dave Gore	Read Replies (1) \| Respond to of 99280

JP, there is no way I would have access to the inner workings of major players like hedge fund managers or brokerage firms. But there is such a thing as circumstantial evidence and common sense reasoning. TYCO, when it was in the high 40's and 50's a few months back, had literally one rumor after another that were started by someone. Briefing at one point reported 5 separate rumors and multiple denials by the company in the span of a couple days. It was clear to me that this was part of an effort by someone to scare people into selling the stock. There was also the asbestos scare, where stocks like 3M and dozens of others were implicated... one after another, for many weeks. I am not arguing that this wasn't a problem but like David Faber commented on CNBC, the information that the rumors were based on were 6 months or more old! Once that ran its course, there was the accounting scare that took over, where even companies like GE were attacked and yet more unfounded rumors, where company after company had to deny rumors. Again, much of the information brought up were outright innuendo and untrue and even the true stuff was in filings made public months earlier. These rumors had to come from somewhere and the fact that multiple rumors were appearing like I have not seen in 25 years of investing made me think that somebody was taking advantage of an already nervous market to profit from them. Maybe you don't think so. That's fine, but I think most do even if we small investors don't know names or have access to closed door meetings. Obviously there is no way any of us small investors could know any specific details or names, but that doesn't mean that we can't put 2 and 2 together. GE