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Strategies & Market Trends : Banned.......Replies to the A@P thread. -- Ignore unavailable to you. Want to Upgrade?


To: olivier asser who wrote (2517)1/25/2005 2:09:05 PM
From: Dave O.  Read Replies (1) | Respond to of 5425
 
< If someone discovers a company is perpetrating a fraud, why shouldn't they notify the SEC? You think they should sit on their hands and let innocent investors get defrauded?

red, they weren't helping anyone, because they flooded PR all over the place when SEC did anything, which crushed the stock, absolutely annihilating long-term investors investors. >

I see nothing wrong with shorting a company that is, in fact, perpetrating fraud. Further, if the information is made public via media sources then if long term investors CHOOSE to do nothing that's their fault. It's a CHOICE they make. Just as all your trades that apparently caused you to lose $10 million were YOUR CHOICE! Get it yet?



To: olivier asser who wrote (2517)1/25/2005 2:44:44 PM
From: redfish  Respond to of 5425
 
"red, they weren't helping anyone"

They helped me ... I was shorting a lot in those days and got a lot of ideas from the shorting "gurus." For example I made a nice quick chunk of change off REXI along with Pluvia. I don't think anyone was blindly following these guys calls, they were just a starting place for ideas.

There are tens of thousands of sources giving people ideas of what stocks to buy, very few sources giving people ideas of what stocks to sell.

Joe Sixpack doesn't even know these people exist, so I doubt they created much panic ... back in those days the number of people shorting at all was very small and could move only illiquid stocks.