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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (258603)	9/3/2003 8:52:55 AM
From: Lucretius	Read Replies (1) \| Respond to of 436258

because its fun? -g-

To: orkrious who wrote (258603)	9/3/2003 9:06:17 AM
From: KM	Respond to of 436258

Two things. In July, with PMCS trading in the 14s, someone bought 32000 August 15 puts. Schaffer made a big deal out of that saying how it was sooo bullish for PMCS. Long story short (I was one of the buyers of those puts), PMCS crashed from 14.80 to 10.25, those puts nearly tripled. Second. Here's a downgrade of a $91 stock on "valuation" and "insider selling concerns." Target: $90 LMFAO! 8:57AM Electronic Arts downgraded at Wedbush (ERTS) 91.01: Wedbush Morgan downgrades to Hold from Buy based on valuation; also, firm is concerned about recent insider selling, the increasing number of stock options granted over the last 3 years, and that the co may have difficulty in making accretive acquisitions with its large cash hoard; target is $90.

To: orkrious who wrote (258603)	9/3/2003 9:54:33 AM
From: ild	Read Replies (1) \| Respond to of 436258

Spitzer Says Probe Finds Hedge, Mutual Fund Price Manipulation Sept. 3 (Bloomberg) -- New York Attorney General Eliot Spitzer said some U.S. hedge and mutual funds engaged in ``widespread illegal trading schemes'' that may have cost ordinary investors billions of dollars. One hedge fund and its managers agreed to make restitution of $30 million in illegal profits and pay a $10 million fine, according to a press release distributed by Spitzer's office. Spitzer is investigating sales and trading practices at mutual and hedge funds and will hold a news conference today at noon. ``The full extent of this complicated fraud is not yet known'' Spitzer said in the statement. ``The mutual fund industry operates on a double standard. Certain companies and individuals have been given the opportunity to manipulate the system.'' Last Updated: September 3, 2003 09:10 EDT