To: Jeffrey S. Mitchell who wrote (1151 ) 4/16/1999 10:48:00 AM From: zonkie Read Replies (2) | Respond to of 4128
This lady (Clo) tried to give Dan some much needed advice which I feel he mostly ignored. If he learned anything from her advice it is probably that you shouldn't come right out and say what your objective is if it involves manipulation of a stocks price. ________________________ To: Daniel Miller (228 ) From: Chloe R Wednesday, Jul 1 1998 6:33PM ET Reply #reply-5077754 of 902 Dan, There's investor groups (pooled funds or not) and then there's concerted action for manipulation. Your strategy is too close to the later for my comfort. Sorry, but please remove me from the list. I felt the need to state this publicly, should any future SEC investigation focus on your "group." Best of luck, Clo ____________ >>>>Dan replied>>>>>>> To: Chloe R (230 ) From: Daniel Miller Wednesday, Jul 1 1998 6:36PM ET Reply #reply-5077780 of 902 How should I change it so that it isn't? ___________ >>>>>Clo said>>>>>> To: Daniel Miller (231 ) From: Chloe R Wednesday, Jul 1 1998 6:50PM ET Reply #reply-5077900 of 902 Dan, The whole premise is flawed. You talk of driving up a stock, selling, and then seeing it "plummet." You should use the group to identify good values, good potential mid-term and long-term holds. Opinions of when to buy and sell can be exchanged, but concerted action to do so should be avoided. You step into an area that makes some people very, very nervous. Wise investors will sell piece by piece into buying - not dump the whole at the same time. Even people in your own group will undoubtedly get burned. Use the group is an information source; A way to keep hot picks private until thier time has come. Don't use it for manipulation, because, any way you slice it, that's exactly what it is. Clo ___________ There is more to this conversation if anyone want to follow it. z.................