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To: zonder who wrote (248252)7/3/2003 5:24:24 AM
From: KeepItSimple  Read Replies (2) | Respond to of 436258
 
As this judge has now stated, a corporation can do illegal things without punishment as long as it is "widely known" that they are breaking the law.

That was his entire argument. That anyone buying scam stocks that were pumped by con-men should have KNOWN better because it was "widely known" that brokers and analysts were hopelessly conflicted and violating all sorts of security regulations.

That's all- that the fraud was "widely known" therefore you can't actually prosecute them for committing that fraud- since anyone who allowed themselves to be ripped off should have known better.

(I read the judge also issued another ruling late this afternoon- he declared that all women who are raped while wearing a miniskirt should have known better than to dress provacatively, and those who were drugged and then raped should have known better than to accept drinks from strangers in a bar. Any outstanding charges against such rapists are to be dropped effective immediately.)

This case law will mark the beginning of a new stock market mania. There is simply no use fighting it any longer- at the open tomorrow I am buying calls on all the tech trash I can find.

There isnt a single analyst on wall street who hasnt staked their reputation on this being the beginning of a new bull market- besides maybe Fleck. Wall street has seen the speculation bubbling in the tech stocks and has come to the realization that the public has forgotten, and forgiven all.

The public is willing to risk everything for a chance to ride the bubble one more time- because they know THIS time they'll all get out at the absolute high tick before the bubble collapses. They promise god they won't be greedy and hold on all the way to the bottom like last time.

And they've got a nice chunk of cash from their Ditech 2nd home mortgage re-fi, and it's burning a hole in their pockets. They're about to be laid off from their job in this wonderful economy- and they realize their only chance of saving enough for retirement is to take that chunk of cash and spin the roulette table one last time- betting on black. And they'll buy a dozen lottery tickets too, just to play it safe.

In THIS game of musical chairs, *everyone* is betting they'll have a seat when the band stops playing. All they've got to do is be smarter than the guy next to them. Everyone knows there is ALWAYS a greater fool.

What could possibly go wrong?

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If it is not a crime to misrepresent the prospects of what you are selling, knowing all too well that its a PoS, then I don't know what is.



To: zonder who wrote (248252)7/3/2003 5:28:40 PM
From: SeachRE  Read Replies (2) | Respond to of 436258
 
Give the Internet companies ten more years before calling them all POS...think long term, z. I made quite a few bucks there, and in the long run there is plenty of money to be made.