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Pastimes : Brokerage-Chat Site Securities Fraud: A Lawsuit -- Ignore unavailable to you. Want to Upgrade?


To: Dave O. who wrote (2067)7/23/2003 1:10:20 AM
From: CountofMoneyCristo  Read Replies (1) | Respond to of 3143
 
You're neglecting to take into account the material issue at hand. Those runs included about one call every 1/4 or 1/2 stick, which, if you traded them as recommended, would nail you with losses on slippage and commissions on every trade. He didn't simply call in once and out once; he called I don't know how many times, then took credit for the entire run as if it were a single rec.

As for IMON, that will come up. Rea obtained confidential info on that stock which I held over the week-end in late Jan. 1999. He called me, telling me he knew all about the 90,000 shares I was holding. Now who might have told him that information? Hint: I didn't, and the only one who could have known about it was my broker, MB Trading. Phone records I have prove that call took place.