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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Glenn who wrote (24956)	4/7/1999 3:48:00 PM
From: JeffA	Read Replies (3) \| Respond to of 90042

You know this PAIR thing is a government setup to banish inet daytraders (Black helicopters are here!) Read last sentence. "Analysts increasingly uncomfortable with internet enabled traders..." They're coming for your PCs!!! Wednesday April 7 2:53 PM ET Bogus report boosts Internet stock By Matthew Broersma, ZDNet A fake posting on an Internet message board gave a temporary boost to the fortunes of PairGain Technologies Inc. Wednesday. The bogus report on Yahoo!'s Finance section announced Pairgain's (Nasdaq:PAIR - news) acquisition by an Israeli company and was attributed to the financial news service Bloomberg. Pairgain's shares climbed rapidly following the post, which appeared on Yahoo! nine minutes after the stock market opened for trading. The stock of the digital subscriber line (DSL) company climbed from 8 1/2 to as high as 11 1/8 before falling as word spread. The fake post was, at first glance, indistinguishable from a real Bloomberg wire report. With the dateline, "PETAH TIKVA, Israel, and TUSTIN, Calif., April 7," the report spoke of a transaction with "an implied value of $1.35 billion," including the "equity purchase price as well as a technology development incentive plan." The note was attributed to Yahoo! Finance user "LReynolds54," and included only the heading "Story from Bloomberg....." Wall Street analysts have grown increasingly uncomfortable with the role of Internet-enabled day-traders, who buy and sell their shares constantly during the day, often without substantial or correct information. (See related story.) Yahoo! could not immediately be reached for comment. More details to follow.