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To: tonyt who wrote (36333)1/24/1999 11:55:00 AM
From: H James Morris  Read Replies (2) | Respond to of 164684
 
>>I read about YHOO and Softbank dealings ad nausm on SI and in the press, yet no one has any problem with the above.<<
I do, and it scares the shit out of me, but it doesn't appear to scare the institutions, that are running the show.
Lets walk through this farce. .com announces it's going public and has chosen, say Morgan Stanley and Alex Brown to do the deal.
These two then call their other cronies and the whole float is bought.
Now yes! M&S and the rest of the gang will give some shares to their well-healed clients, the more you got the more you get.
Now all these shares are in a few hands. So the feeding frenzy starts.
Now I ask you? When .com gets the $17ps and the first share was sold for $80. Who got the difference?
The above gang of thieves. Not .com.
Trust me on that.
Ps
You might ask why the SEC lets this happen? It's just that because they're so under-staffed , it's become Wall Streets way.