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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (24211)	3/3/2002 6:46:38 PM
From: Rande Is	Respond to of 25711

Joe, it would be great if you could find a congressman that would show an interest in your experiment. I doubt anyone at the SEC or the NASD will bother to turn their heads. They know full well what goes on. They simply don't care. But congress has been showing real interest in the seedy side of Wall Street since the Enron debacle. GaBard did a major work on naked short-selling a while back. . . .gathered a good deal of info on the subject and passed around a petition. The info is here on SI. . . I'd search the word petition. The part he was hot about was naked FOREIGN shorts, where not only did the short-seller not have the underlying "borrowed" shares, he is not even a U.S. citizen. So the naked short-selling pressure on good U.S. companies could potentially become a matter of national security. . .especially at times of crises. For example, the chart of short-sales and options on United and American airlines ahead of Sept. 11th was staggering. No short-sell activity for years, then suddenly massive short-selling volume spikes on Sept. 10th. You should see the chart. The thing is that at some point, it is no longer about how an "investor/trader" feels about a company's prospects. . . .but rather, it becomes about what teams of short-sellers can do to a company by applying ever increasing short pressure. . . especially when they have a journalist or two in their pocket. One would think that this would be a hot subject for the SEC, but this is simply not what they look for. . . . . instead, they seem to be more interested in catching teenagers pumping penny stocks on the internet. . . as if most people lose money in the markets because of them. I'll tell you something else I find fraudulent. . . and that is that brokerages fail to give a daily accounting of your brokerage account. If there is no actual "end of day", then your account is in a constant state of flux, making it impossible for you or your accountant to balance your account. They could be ripping us off regularly, and it would be very tough to prove. What is wrong with an absolute day's end at midnight? But no brokerage I have found does it. Crime runs rampant among the largest brokerages and largest traders. But nobody will admit it. Like with Enron, everyone is trying to point the finger at a few corporate executives. They were patsys, in my opinion. The real criminals were more likely the investment bankers who applied the pressure on Enron and its accountants to bend the rules and jump through their preset financial hoops in order to gain secondary financing, etc. . . which would lead to the bubble getting larger. . . . making the investment bankers stock which they bought at pennies worth billions. Banks only loan to those who don't need the money. So corporations are required to first PROVE they don't need the money. So they influence companies to cheat their accounting and make their bottom line look better. This is where the congressmen should be looking. . . not at the Enron execs. But you won't find investigations leading to the investment banks. They are teflon coated. Your experiment does sound intriguing. I'd be interested in hearing the results. Best wishes to you. Rande Is

To: Joe Copia who wrote (24211)	3/4/2002 9:38:16 AM
From: StockDung	Read Replies (1) \| Respond to of 25711

Joe, read this about naked shorting taylorstock.com

To: Joe Copia who wrote (24211)	3/5/2002 1:06:24 PM
From: Joe Copia	Respond to of 25711

GIGM $2 per share dividend on 3-15-2002. yihaaaaaaaaaaaaaaaaaa GigaMedia Announces Record Date and Distribution Date For Return of Capital to Shareholders TAIPEI, Taiwan, March 5 /PRNewswire-FirstCall/ -- GigaMedia Limited ("GigaMedia") (Nasdaq: GIGM, www.giga.net.tw), a leading multi-technology provider in Taiwan of broadband Internet access services and broadband content for Chinese markets, announced today that the company has established March 15, 2002 as the record date for the return of capital of US$2.00 per share to shareholders, and March 29, 2002 as the distribution date. The return of capital was approved at the company's special shareholder meeting held on January 17, 2002 in Singapore and has subsequently received approval from the Singapore High Court. About GigaMedia The first broadband ISP in Taiwan, GigaMedia is today one of Taiwan's leading providers of broadband Internet access services and broadband content for Chinese markets. The company's access products consist of premium cable modem and ADSL offerings, giving the company the ability to deliver superior broadband connections island-wide. GigaMedia's cable modem is a world-class platform developed in conjunction with Microsoft, and is capable of delivering broadband Internet access speeds of up to 100 times faster than traditional dial-up services. The company's premium ADSL is likewise distinguished in the market by its high performance characteristics and value-added features. With 29 cable system partners, the company's core cable modem business passes more than 3.8 million Taiwan households, as well as 576,000 small and medium businesses. In addition, the company offers multiple interactive Chinese- language multimedia Web sites through its Web destination gigigaga.com. Strategic investors of GigaMedia include Microsoft, the world's leading software provider, and the Koos Group, a major player in Taiwan's manufacturing, finance, telecommunications, media, and cable industries. More information on GigaMedia can be obtained from ir.giga.net.tw. The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the company's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to those factors that could cause actual results to vary can be found in GigaMedia's Registration Statement on Form 20-F filed with the United States Securities and Exchange Commission in June 2001.