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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Janice Shell who wrote (90349)1/28/2005 1:39:14 AM
From: rrufff  Respond to of 122087
 
I think we could debate whether getting discounted shares as to cover a short is manipulation under the SEC acts and regs.

However, extortion, which is what was alleged and proven in this case is something beyond manipulation.



To: Janice Shell who wrote (90349)1/28/2005 1:39:56 AM
From: rrufff  Read Replies (2) | Respond to of 122087
 
If it's true, I'm glad that it's now been shown to be a crime. Hopefully, this will stop this practice.

Yes. I first found out about that in the mid-nineties.

So you're saying that it's common practice for shorts to get discounted shares or free shares to call off their attack?
And of course by attack, I don't just mean the actual act of shorting. The message board attack by guru and followers pretty much stopped at that point. And so did the threats of SEC action, etc.