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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (9257)	2/6/2006 6:36:03 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 12465

The difference is that Gary Weiss is a true investigative journalist who had the guts, using his real name, to take on the mob and shut down scams. He truly knows how the market works and his articles for Business Week are dripping with credibility. If I had to use just one word to describe "Bob" it would be "disingenuous". If you read the Sanity Check blog cited by Gary in his latest blog entry you'll see that Bob was convinced that 90% of the trades on 8/1/05 for OSTK were FTDs. Yet, as I pointed out, the price actually went up. If FTDs=naked shorting, as Bob vociferously claims, would you not expect that if 90% of the volume were from naked shorting that the price would get hammered? Rather than say, oops, that makes sense, maybe I'd better rethink my premise, he concocted some ludicrous reason why it actually would made sense for the price to rise and thus I was an idiot for even bringing the subject up. You can't have a rational argument with an irrational person, so I checked out. But I was followed by a guy who actually knows how trades clear and I felt like I was learning something. I hope Bob does as well. - Jeff