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Technology Stocks : NewCom (NWCM) -- Ignore unavailable to you. Want to Upgrade?

To: paperheart who wrote (547)	7/30/1998 9:46:00 PM
From: Ralph Ulisse	Respond to of 662

Paperheart (honey, poopsie, sweetheart)- Thanks for your wonderful insight. Have you covered your short position yet? I have a strong feeling you're shorting this stock because of the stock manipulator involved. Shorts can manipulate stocks for their benefit, but when shorts get squeezed, they cry to any that will listen. It's happened in the past, and were you one of the people who lost their a**, and you're looking for another whooping? Remember the wall street food chain. Firm --> Trader --> Broker --> Client The Client is the only person to get the shaft from all of the above. This recent sell-off will never scare anyone with any market intelligence. If I was a Joseph Charles client, I would ask for the reason for any sell-off of this stock. I bet the clients were charged an unbelievable commission, from a broker that knows absolutely nothing about this stock or it's potential. Continue to short this stock my friend. Please let this thread know when you cover your position. We wouldn't want you to be a Monday morning quarterback. I'm still waiting for you to post your real name. Scared? I still have a strong feeling I know who you are, and who you represent. Remember the constitution and your legal obligation.

To: paperheart who wrote (547)	8/2/1998 12:54:00 AM
From: Cool Hand Luke	Read Replies (1) \| Respond to of 662

Obviously this is all a game for you, and unfortunately this and other threads are clogged with your idle chatter. Joseph Charles (like all brokerage firms and their brokers) are not governed by constitutional amendments but by the SEA regulations. Violations of any one of these regulations is illegal. Yes, you can go lose your licence, go out of business, or even go to jail for violating them. Some game, huh? It is common knowledge among brokers and managers who own Newcom (and a few private investors) that JCC has violated at least two regulations. First, their brokers have been executing unauthorized trades by the hundreds, selling a stock they put in their customers' accounts just a few short months ago on the IPO, without the customers' expressed consent, in order to put those customers in another JCC IPO. Some customer complaints against the company for this practice have already been filed. More serious is the practice of the Company to allow their brokers to buy and sell Newcom away from the market. It is not unusual for JCC brokers to mark up (or mark down)their trades by $1. to $1.40. This practice is currently the subject of a complaint being filed with SEC. I hope the SEC acts on it somewhat faster than Rafi Khan's 1993 infractions. Inspection of all JCC Newcom trades for the last six months will quickly resolve the Company's guilt or innocence of these violations. In the meantime, the vindictive selling of the last month or so, while not illegal, is highly reprehensible for the underwriter of the Company's stock. And where the spirit of the law has been violated in one area, you will usually find the letter of the law has been breached in another. I should quickly add that some account executives at JCC do not follow their Company's bad example. They represent their customer's best interest by investing for the longer term, and not churning them from one IPO to another. They are still long Newcom, having invested in the company for its excellent growth prospects - as have most of the rest of us. They are to be congratulated for their independence.