- Stockreporter.de's"baseless recommendation" - Skill Gast, 21.09.2000, 10:46
- Re: Stockreporter.de's"baseless recommendation" - dottore, 21.09.2000, 11:58
Re: Stockreporter.de's"baseless recommendation"
>Stockreporter.de's „ baseless recommendations“
>Domainname: stockreporter.de
>Domaininhaber: Torsten Prochnow, Koesliner Str. 17, D-23669 Timmendorfer Strand, Germany.
>Text THE WALLSTREET JOURNAL 7.9.00: German residents Torsten Prochnow and Dennis C. Hass touted stocks of about 64 U.S. public companies through postings on the Stockreporter.de (Stockreporter.de) Web site and numerous news releases, the SEC said.
>According to the complaint, the defendants and their company, WorldofInternet.com AG, targeted U.S. investors. The SEC said their baseless recommendations resulted in the prices for 28 stocks increasing 28% to 390%. On at least 15 occasions, the SEC alleges that Messrs. Prochnow and Hass sold their holdings of the touted stocks into the resulting inflated market, realizing profits of $111,530.
>Without admitting or denying the SEC's allegations, the men agreed not to violate U.S. securities laws, to disgorge their profits plus interest, and to pay a civil penalty of $50,000 each.
>Bruce Baird, a lawyer for Messrs. Prochnow and Hass, said his clients"are recent university graduates and started a Web site without getting SEC advice." He said his clients are now operating their site in compliance with U.S regulations.
Sehr schönes Fundstück und besten Dank!
Was heißt aber"baseless"? Vor allem, wenn jemand wie der arme Lullaby rumshortelt und einen KO-Short sogar als seinen"Geheimtipp" bezeichnet? Die"base" für die"recommendation" des armen Viecherls war bekanntlich die Mutmaßung, dass in diesem Sommer KO wohl nicht so viel Profits aus euro-11 ziehen wird a) wg. dem Wetter und b) wg. dem Euro.
Sind solche Überlegungen"basefull" oder"baseless". Lullabys Freund hatte schon Mal Besuch von der SEC (3 Mann!) in ZH. Grund: 800 Put-Options - damals die größte Position im Markt - auf T-Bonds.
Gesprächsauszug:
"Why did you take this position?"
"Because your government is bancrupt."
"How you know?"
"First read the numbers than my lips."
"Do you have any connections to the Fed?"
"Alan is an old friend of mine."
"Did you have any phone calls lately?"
"Yes, but Alan didn't answer the calls."
Pause.
Dann Lullabys Freund:
"Can I help you with some cash?"
"Cash? Why? What do you mean?"
"You might not have a return ticket to the US and the Zurich taxi drivers only reluctantly accept your currency. And if you will stay longer and keep bothering me with this bullshit further you might not be able to pay your hotel bill."
Pause.
Dann verabschiedeten sich die Herren.
(Die Puts gingen übrigens gesamthaft in die Hose).
Aber diesmal ist es bekanntlich anders. Und bevor die Herren beim armen Lullaby aufkreuzen, geht der wohl besser husch-husch wieder in den Zoo zurück. Er ist ja über Handy immer am Ball. Oder ich versuche, in vorübergehend beim Bauern Ole Olsen in der Nachbarschaft unterzubringen. Mit Oles Hund"Schlaffi" kommt er schon gut zu Recht.
Danke nochmals für den Tipp.
d.
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