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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Cosmo Daisey who wrote (5543)	3/25/1998 11:21:00 PM
From: Oeconomicus	Respond to of 18691

Cosmo, did you miss the lectures the other day on the legal pitfalls of speaking one's mind? I believe that what you describe is a violation of securities laws and I know that several Fidelity managers got caught (or accused of and settled, maybe) front-running a few years ago, but surely they have established better compliance procedures since then. Is you have evidence of illegal activities, perhaps you should take it to the SEC rather than posting accusations on the Internet. Just a friendly reminder from a non-lawyer who wouldn't want to see a fellow bear get eaten by sharks. Bob

To: Cosmo Daisey who wrote (5543)	3/26/1998 6:45:00 AM
From: Pancho Villa	Respond to of 18691

>Do you think you could make some money if you knew which stocks Fidelity was going to position before they started buying? Fidelity managers bought CLSR before the fund captured the float and now runs the price up and down on a regular pattern.< Yes I do not approve of Fidelity allowing MMM to trade so freely and agresively for their own accounts. My understanding is that they where tightening their rules, but I guess one can always find a way around. Bill Danoff, for example, is buying a lot small caps such as BFIT, he does not have to be a rocket scientist to know what he can do to the stock price! Pancho