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To: Dave Gore who wrote (75257)9/28/2002 6:16:00 AM
From: SirRealist  Read Replies (1) | Respond to of 208838
 
Perks provided to GE CEO Jack Welch:

theonion.com



To: Dave Gore who wrote (75257)9/28/2002 1:13:00 PM
From: Jorj X Mckie  Read Replies (3) | Respond to of 208838
 
But then came decimilization and the near death of the Penny stock market.

If you are talking about the pennystock market and then trying to equate it to the overall market, that may be why you will have problems getting much traction. And then to bring in the idea of "it is just 401k money", how many people do you know who play pennystocks in their 401ks?

The only place that anybody has a beef about naked shorting is in the pennystock world. If all of the stocks on the pink sheets went out of existence tomorrow, it would have such a tiny effect on the economy that it doesn't deserve attention. And I will always contend that anybody playing pennystocks deserves what they get. It's like an adult playing a carnival game and then complaining that the game is rigged. Everybody knows that the pennystock/carnival game is rigged. If you don't want a rigged game, don't go to the carnival.



To: Dave Gore who wrote (75257)9/28/2002 2:00:15 PM
From: X Y Zebra  Read Replies (1) | Respond to of 208838
 
Furthermore we aren't even talking about subtle acts. These acts are often balatantly obvious. Sometimes they are even semi-legal. More importantly when they're not, they know the odds of getting caught are so low as to be laughable to them. Fines are meaningless even if they are.

Even more laughable is the enigma (at leas to me) that...

Why is it that the SEC allows that these bands of scumbags to trade their fleas in a public market and have the privilege of NOT reporting to the SEC quarterly/annually as the big boys do, under the pretense that these are "fledging entrepreneurial companies that need to be spared of the expense of proper audits"

But why do so many Wall Street thieves go un-policed and un-punished?

Duh !...

If the ENRONs of this world with "proper" (!) auditing firms on the watch cheat, imagine what goes on in the world of the flea markets where reporting is consider a nuisance and unfit to be applied to them...

I say...

1. The SEC ought to be indicted for negligence...

2. Every dumb-bell who loses money in the pennies deserves it just for the mere fact of putting money there in the first place.

3. Complaining about it just makes it look even dumber.

4. The producers of dumb and dumber ought to scan the stories that such circus offers us all, as a result, we would get funnier movies and a lesson in common sense.

Just scan some of the penny threads right here on SI to see how dumb and funny some of the events/stories were... (and I suppose still are in many instances)