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Technology Stocks : Avtel Communication (AVCO) -- Ignore unavailable to you. Want to Upgrade?

To: Charlie Smith who wrote (351)	11/15/1998 10:55:00 PM
From: David S.	Respond to of 461

Is it possible that the Toyko Joe method could be illegal? The question for legal minds is: is it a pyramid scheme? essentially, a ponzi/pyramid scheme takes the money from new investors to bail out old investors. Perhaps his being an attorney in Korea did not prepare him for the technicalities of law in the US. the WSJ article on him seemed to indicate that he may not be on as firm ground as he would like. The question is : does anyone at the SEC, NY attorney general's office, etc. care? I would bet probably not. Still, it is funny that people sign up. but then again, lots of people were anxious to go to Jonestown.

To: Charlie Smith who wrote (351)	11/15/1998 11:27:00 PM
From: Deeber	Read Replies (2) \| Respond to of 461

Wow...I am famous...I see the article about me is now on SI...only said I would have done the same thing because stocks rarely get halted this quick so rapidly...but I think next time I would sell before it has this opportunity... Ryan Goldstein members.xoom.com

To: Charlie Smith who wrote (351)	11/15/1998 11:50:00 PM
From: RockyBalboa	Respond to of 461

Crazy and Greedy, really! When I jump aboard a running stock, like AVCO (I avoided, was looking for shares to short instead of), or former rampants like CFON or XYBR, NAVR on the long side with a hefty position, I was glad to take out the one or another buck...Why didn't close that guy? (I refrain from jumping train recently, I use it mere as an invitation to short, whenever possible). I see, he may be just a name, a placeholder for many unknown "investors" who did not close out at say 5 to 10 bucks higher. That's greed, or maybe only lack of market knowledge?