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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (1178)	12/21/1998 8:08:00 PM
From: Mr Metals	Read Replies (1) \| Respond to of 122087

BC Securities Commission - Internet touts ferreted out on Surf Day BC Securities Commission BCSEC Shares issued 0 1899-12-30 close $0 Monday Dec 21 1998 Also Ontario Securities Commission (ONSEC) by Brent Mudry Regulators with the British Columbia and Ontario securities commissions teamed up with their counterparts in 28 states for a one-day surf-a-thon in mid-November in a bid to ferret out Internet touts. In a release issued Monday, the Federal Trade Commission notes that securities regulators surfed over 400 web sites and Usenet group messages on "Surf Day," Nov. 12, looking for "bogus claims and illegal representations about investment opportunities." The cyber-miscreants were sent e-mail messages advising that their false claims violate the law. In addition, the North American Securities Administrators analyzed 1,000 spam messages forwarded by investors and discovered a "bear of a portfolio." "In an analysis of eight stocks touted in the e-mail conducted the week after Surf Day, none had reached the price projections claimed in the spam," states the FTC. In a caveat emptor message, the regulators warn investors that they should treat junk e-mail with at least as much skepticism as cold-calling brokers. "Investors should remember that the Internet, while the source of a great deal of legitimate investment information, can also be a tool of individuals who seek to use that information to manipulate stock prices or take advantage of unsuspecting individuals," states Mary Schapiro, president of NASD Regulation. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com MM

To: Anthony@Pacific who wrote (1178)	12/22/1998 3:43:00 AM
From: IngotWeTrust	Read Replies (2) \| Respond to of 122087

here's a quickie on WAVO...howya gonna play it: 1:06 AM (ET) 12/22 CNBC's Cramer Returns After Squawk NEW YORK (AP) -- CNBC is bringing back money manager James Cramer as a guest analyst Wednesday after a one-show absence following controversial comments he made about the stock of a small Internet company. Cramer has been appearing biweekly as an unpaid guest analyst on "Squawk Box" for about a year, but CNBC asked him not to appear on last week's show while the network reviewed his comments regarding WavePhore Inc.(Nasdaq: WAVO) WavePhore complained that Cramer said on the Dec. 2 "Squawk Box" that he had tried to "short" WavePhore Inc.'s stock -- a legal investment strategy based on the hope that a company's stock price will fall. Cramer has denied that he tried to short the stock and said he did not mean to give that impression. CNBC spokesman George Jamison said Monday that the network would discuss the results of its review on Wednesday's "Squawk Box." "He was never suspected of doing anything wrong. It was just a matter of reviewing the way in which the information was presented and its appropriateness," Jamison said. In short-selling, an investor sells borrowed stock, hoping for a drop in the price before buying shares on the open market to return the borrowed stock. WavePhore stock had soared 72 percent to $15.25 the day before Cramer's comments but have fallen sharply since, closing Monday at $8.37 1/2 on the Nasdaq Stock Market. WavePhore has asked the Securities and Exchange Commission and the Nasdaq to investigate trading prior to the remarks. Cramer has said he does not own any shares of WavePhore and that he discloses all of his holdings to CNBC and other media where he appears, including The New York Observer and TheStreet.Com, the Internet investment news service he co-founded two years ago. Copyright 1998 The Associated Press. All Rights Reserved. Enjoying your thread, Anthony. Lurker 49r