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

To: Jeffrey S. Mitchell who wrote (91040)	3/17/2005 5:08:23 AM
From: rrufff	Read Replies (2) \| Respond to of 122088

Your real problem is that you wish to defend something that is not defensible with something else that is not defensible. P&D by corporate management with the help of paid touts is something that should be part of any investigation not something that should be encouraged. A broad overhaul of the SEC and our equity markets would include this excess as well. Part of your problem is that you seem to deal with a world of corporate scams. There are many of us who appreciate the work that uncovers these scams and hope to avoid them. With my own brand of very anal DD, I've been lucky over the past years. I take issue with the notion that all small companies are scams or are going to zero. I've made a very good living over the past 5 years, through bad markets, including 9/11, and have largely avoided what I consider the bad companies. When I go long companies with bad management, it is with my eyes wide open and it is after they have been tanked. I factor in the odds that they will change or that the price reflects an over reaction to crappy or corrupt management. By diversifying in an extreme fashion, my own cynicism protects me against any overwhelming loss that would be deletrious to my portfolio. The fact that many companies are scams or that corporate management often breaches its fiduciary duties to shareholders should not be attacked by unleashing illegal activity. It doesn't require deep thinking to be against illegal activity. "Crusaders" should be using their efforts, not attempting to silence those who are shedding light on this apparent scam. If we are truly to make an equity market for the 21 century, based on technology that does not recognize one buyer or seller from another, than we should not be encouraging advantages of the wealthy or the powerful, whether they be incompetent or greedy management, touts, market makers, hedge funds or others. The Batman defense did not work for the guru and it's clear it won't work for those who wish to use it as some sort of rationale for sweeping this issue under the rug.