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Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It? -- Ignore unavailable to you. Want to Upgrade?

To: ig who wrote (388)	6/19/2002 2:19:09 AM
From: Dave Gore	Respond to of 589

Oh, I will, I just hope that others are considering the big picture and speaking their minds. This country has always held fairness and equality and free speech in high regard, but lately I am hearing more people say things like, "You have to think like a criminal to be successful in the Markets." Even more troubling is that they see nothing wrong having to do this. It's kind of a passive acceptance. Geese, would you seriously gamble in Vegas if you found out it was sometimes rigged? And would you think that was OK? Then tonight I hear Stalker call "long term" investors a bunch of sport-car riding, yoga phanatics. Further, he seems to think that if people don't all quit their jobs and daytrade, they don't deserve to have success in the Markets. He's probably not the only one that has that viewpoint either. Well, I and many others don't accept a lack of fairness. I don't think it's right for those in a position of power to cheat (like NYSE specialists and Market Makers) and then get away with it. I don't think it's right for those that spread nasty rumors to ensure they make money and get away with it. And I certainly don't think it's old-fashioned to uphold the morals and ethics that our forefathers intended and probably our parents preached. I believe in speaking my mind and helping others so they don't make the same investing mistakes that I did over the last 25 years. You know, like a gold mine that turned out to be a piece of paper in a crooks office in Salt Lake, Spokane, or Denver in the early 80's? Thank goodness we closed down that big scam and many others, but today there's other kinds of manipulation to rob Peter and pay Paul. BTW- My main thread on SI was voted the one of the "Top 10 Stock Discussion Sites on the Internet" by Forbes Magazine in March 2002. I aim high and speak my mind. I'm not always right, but I try to be honest. I may not make a big difference, but hopefully I give people something to think about. I also try to learn valuable lessons from others.

To: ig who wrote (388)	6/19/2002 3:45:55 PM
From: Dave Gore	Read Replies (1) \| Respond to of 589

New Menance in the Market To:Dave Gore who wrote (8368) From: Bruce A. Brotnov Wednesday, Jun 19, 2002 3:34 PM Respond to of 8371 Did you see CNBC report this week where up to 39% of the day trader is now Hedge Funds. We have a new menance in the market with stronger manipulation powers than in the best. In the old days we were hit with program trading by MFs, now we are seeing it in heavy volume as they bombard the stock of choice. Funny how the law says that I can't do that as in individual investor (for my 65 license/exam), but the institutions do it routinely. bruce

To: ig who wrote (388)	7/2/2002 10:27:33 AM
From: Dave Gore	Read Replies (1) \| Respond to of 589

COMMENTARY - Will Better Earnings Trump Accounting Fears? This typifies the real concern for many of us. Better earnings will coming in for most companies this quarter or next, but will people trust them and what has gone on in past years? Will be there be a rash of restatements covering the last 1-5 years? No one can talk accurately about a bottom until there is a feeling that most all restatements are out and skeletons have been brought out of the closet...and until clearer and more accurate accounting standards have been established and are being followed. If corporations were smart, they would fess up en masse now. If regulatory bodies were smart, they would impose better accounting standards right away. That's the only alternative left and it's the right one. This ain't gonna blow over. It's way too late for that. Public faith in the Markets and American business must be restored A.S.A.P. Meanwhile, Halliburton and VP Cheney may be the next HUGE shoe to drop. There are charges that HAL may have overstated earnings to the tune of $4B+, while he was at the helm.