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Non-Tech : Shorting with Offshore Accounts -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (82)	2/27/1999 12:46:00 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 127

You make a good point, Colin, about microcap fraud in the old, telephone scaming wild and wooly days. The internet has made all kinds of scammers and scammees more transparent, i.e., transparency works both ways. I don't believe the first batch of Prodigy Fraud cases last year only were slapped on the wrist. In Raleigh's case, the fine alone will probably put him 6' under. BTW, I didn't dig this one up, this one came to me by one of my rav fav sources..., so credit to whom credit is due. Have a good weekend, Colin. BTW...check your PM, especially if you are still in the "oilpatch" bidness, ok? Thx.

To: Colin Cody who wrote (82)	2/28/1999 1:39:00 AM
From: Mark Davis	Read Replies (1) \| Respond to of 127

Hmmmm. Money being made by swindlers and those free riding on the backs of swindlers. Money being lost by pinheads and nincompoops. and maybe some E*traders that get locked out when it comes time to sell. SEC can't protect against every scam, there's too much, and it's too easy. Check out the doings at a scammer calling himself(s) "fasttrade". They hide behind an anonymous mailing list, and release a 'pick' at a specified time. Last time they did this, the stock went from 1 3/8 to 6 in about 3 minutes, and back down again about as fast. Time for the crook(s) to get in/out and leave a trail of big losses behind. SEC needs to run a trace, find out who this is, check their trading records, and if they 'front ran' the stock, confiscate the money. BTW, the definition of 'front run' has now been reduced to about 1 second. Ain't the internet great!