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To: SusieQ1065 who wrote (75357)9/29/2002 4:40:51 PM
From: Dave Gore  Read Replies (1) | Respond to of 208838
 
Susie, my question is this ----should we have to trade around manipulation and injustice?

Is that what investing should be about?

Do we really just accept it?

Besides, the Market isn't about just us, it's about working people who are losing their kids college fund and retirement. It's about crooked CEO's and corrupt analysts and their firms, and incompetent Mutual Fund managers, and Media "spins" that have promised better times and rarely warned people of the dangers of investing. How come people weren't ever advised to put 20% of their holdings inot Bear Mutual Funds 2-3 years ago? Or even buy a couple LEAP put options on some tech stocks with PE's of 1000?

More importantly, it's about the econonmy eventually going even further into the pits as the few get rich and the vst majority of working Americans losing a bundle.

Susan, 90%+ of Americans are working and can't do what we do and try to figure out how to navigate the treacherous waters of investing. If you say "They shouldn't be investing then", I agree. With the condition the market is in now, I think only people that can study and watch it all day should.

My question is ---- Is that what should do, just warn everyone it's one big "game" and stay away if you can't watch it 8-12 hours a day?

You said:
the traders on this board are trading circles around that great wicked Market Maker and his manipulative ways......

it's the game, baby...we are playing it....it's what we do....i truly do not understand
why you have such difficulty with it...



To: SusieQ1065 who wrote (75357)9/29/2002 4:52:28 PM
From: Dave Gore  Respond to of 208838
 
Susie, I just watched a Susan Sarandon interview on "E!"

She is one of my hero's ever since she spoke up at the Oscars about the suffering refugees with HIV being held by the U.S. government in inhumane conditions. Amnesty International had gotten nowhere, Bush didn't keep his promise to release them. There was even a media "brownout" on the problem.

So she decided she'd do it and spoke up at the Oscars with husband, Tim Robbins. She got hate mail and risk her status as an actress, but she did the right thing. She knew what she was doing was inappropriate, but she chose the more important path. She challenged and embarrassed the system and used the power of TV.

The ill refugess were released the next day.


The point is that if we want the market cleaned up, we can get it much more cleaned up. The media will do anything for ratings and if we want them to cover this, they will. They covered Enron and they've finally helped bring awareness to CEO corruption. The decimalization system arose out of MM abuse of bid/ask spreads. I am hoping that the next thing is that we all have real-time short interest info, not up to 38 days out of date. I also hope we can stop "naked shorting".


I/we are cetainly NOT comparing ourselves or this cause to Susan Sarandon or anyone else. I am just speaking my mind and following some others who want to clean up our system as much as possible. Yes, I hope that we can prevent terrorist murderers from profiting off their terrorist acts and lesser crooks from using and abusing our Market system.

Susan, just as you have thought about me, I have thought about you and many others on SI. I still haven't made up my mind either.