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To: BlueIce who wrote (3114)6/13/1998 11:56:00 AM
From: coyote  Read Replies (2) | Respond to of 5743
 
Just a little quote from a different thread that sounds familiar to verbiage from the rat pack
It is all part of the "master conspiracy theory". If the stock isn't low enough
yet, then obviously it is being supported by the "machine"! The theory extends to
"dummies holding a stock in a downtrend"! This is the mindset of a daytrader and
shortterm stock holder, they by the way would never of held Intel or Microsoft.

In the process of trying to depress the stock they try to intimidate those that wish to hold
the stock longterm. If they succeed, they then depress the stock further, either making
money on their "shorts" or depressing it to a price they would like to buy it at. If they
succeed they then apply the "I told you so" theory. Which is equally destructive!! If they
fail, they fade from the thread and are never seen again until the stock takes another
downtrend!



To: BlueIce who wrote (3114)6/17/1998 12:57:00 AM
From: John Sladek  Read Replies (1) | Respond to of 5743
 
Black Ice,

I have a couple of quibbles with your recent posting regarding Porter Davis and the TSE.

>>>Regarding Porter Davis, his situation with the TSE isn't much different from anyone else, anywhere. If you diss the company you work for, you're likely to get fired. If your slander is serious enough, you could get sued by your company.

I'm pretty sure that Mr. Davis is not an employee of the TSE. I thought that he was a Governor of the options exchange, but I could be wrong. As a trader, Mr. Davis certainly is a CUSTOMER of the TSE.

>>>If you're an athlete and you verbally abuse the league, referee, umpire or official through the media, you'll get fined or even suspended. Mr. Davis made some disrespectful remarks against the TSE and the same line of consequences occurred. I'm certain if someone made tasteless remarks about SI in a public forum, they'd remove your account and consider further action.

1) I don't think that any of Mr. Davis' remarks could be characterized as tatsteless. Scathing, Sarcastic, or Satirical would be more accurate.

2) The sports analogy is a bad analogy. First, in the real world, the "referee" can't put you in the "penalty box" without due process. Second, Mr. Davis has the right to free speech.

3) FWIW, several major newspapers have repeated some of Mr. Davis' statements (such as "ValuJet of stock exchanges"), so they do not seem to be too worried that they are repeating slanderous statements.

4) I think that it is not unreasonable to assume that the TSE is using "Litigation Chill" as a tactic to silence a knowlegable critict. There has been a lot of criticism of the TSE lately, and they are doing damage control. It has worked in this case, Mr. Porter has stopped posting to SI (probably on the advice of his lawer). It may have backfired though, it got a lot of bad press for the TSE.

Regards,
John Sladek