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Re: How greenspan stolen this Christmas! I reiterate f**k

From: Eric D. Pierce <>
Date: Wed, 20 Dec 2000 18:21:28 -0800
Message-Id: <>

Do you actually have any research/statistics to validate your statements?

I seriously doubt that most of the people that got really filthy rich were your average tech industry workers with stock options and 401k retirement funds, etc., they were the "entrepeneurs", day traders, and various parasites.

Did you read the expose about short selling ("pump 'n dump") in Wired magazine a couple of months ago?

("The Dumbass, The Daytrader, and the New Democracy")


   "The guy doing the yelling is
    Anthony Elgindy of Pacific Equity
    Investigations. He trades the
    old-fashioned way, phoning
    orders in to a licensed trader
    who jumps into action at the
    sound of his voice. Art, his
    broker, is not the only one
    jumping. Two hundred and fifty
    amateurs each pay $600 a
    month to follow Anthony's
    trades. When he moves, they

    Anthony, who is 32, stocky, and
    bellicose, is respected for his
    rare ability to sift the
    complexities of the market and reduce his analysis
    of a company's value to simple terms. He expresses
    himself in metaphors easily grasped by the
    layperson. Right now, for instance, he is looking at
    Ariad Pharmaceuticals, a company that trades on
    the Nasdaq under the symbol ARIA. Early this
    January morning, Ariad officials boasted that the
    company had received two gene-therapy patents,
    and its stock nearly doubled. Anthony shifts in his
    chair, glances at the stock's history on his
    Bloomberg terminal, and issues a succinct bulletin
    summarizing his research. "ARIA is pure diarrhea,"
    he types. Then he punches the speed dial on his
    phone and screams at Art to short some shares.

    Within minutes, the 250 traders, whose $600 per
    earns them the right to follow Anthony's reports via
    email and real-time chat, respond to his burst of
    lyricism with collective action. Anthony and his
    followers are selling ARIA short, which means that
    none of them actually possesses any shares of
    ARIA to sell. Instead, they - like all short-sellers -
    are asking their brokers for a favor in exchange for
    a promise:If you have any ARIA lying around,
    they're saying, lend it to me so I can sell it right
    now. I'm pretty sure I can buy you back those
    borrowed shares for a much better price in no time
    at all, and I'd sure love to pocket the difference.


   It's certainly possible that market makers are
   short-selling into buy recommendations and
   manipulating the prices all over the place. They are
   professional traders and they want to win. But the
   fact is that Anthony isn't really competing against
   the market makers. Instead, he's picking his profits
   from the pockets of the legion of small-time
   plungers who are forever lured back to the market
   by the dream of a fast ride to the penthouse from
   the ground floor.  ..."


and similar stuff:,1367,36537,00.html

Don't blame all that cr*p on dbas and programmers!

The tech industry has been full of "visionary" hypsters and
other fools for a long time, it is amazing that so many 
people listened to their nonsense.

anyway, hindsight is 20/20.

On a lighter note:,1283,34691,00.html


   "WASHINGTON -- Just when you thought an aging Ralph Nader had lost
    his ability to terrify large corporations, the Beltway 
    activist wants to set up a new class of domain names 
    sure to strike fear into the hearts of executives 
    worldwide: dot sucks. 

    Critics, malcontents, and disgruntled employees would 
    be able to register domain names like 
    and, according to a proposal from two
    organizations that Nader heads. "


On 20 Dec 2000, at 16:51, Robert Chen wrote:

Date sent:      	Wed, 20 Dec 2000 16:51:42 -0800
To:             	Multiple recipients of list ORACLE-L <>
From:           	"Robert Chen" <>
Subject:        	Re: How greenspan stolen this Christmas! I reiterate f**k

> No clue why your guys still feel good and keep on your DBA job. Do not you
> know that all your blood money on NASDAQ are losing now?
> select * from nasdaq'
> >MSFT = $1
> >ORCL = $1.1
> >SUNW = $1
> >FDRY = $1
> >GreenSpan = $10000,00000,000000,000000,0000
> _______________________________
> Please let me know if I am wrong:)
> Hope this helps:)
> ----- Original Message -----
> To: "Multiple recipients of list ORACLE-L" <>
> Sent: Wednesday, December 20, 2000 4:31 PM
> > I agree Ed, you play you pay. The 'select * from nasdaq' was pretty funny
> > though.
> >
> > ----- Original Message -----
> > To: Multiple recipients of list ORACLE-L <>
> > Sent: Wednesday, December 20, 2000 3:55 PM
> >
> >
> > > pleeeeeeeeeese.
> > >
> > > any p/e > 10/1 will end up in the "irrationality" column
> > > sooner or later, and people need to be responsible about
> > > buying such inflated garbage,
> > >
> > > *****instead of being greedy.*********
> > >
> > >
> > > --------------------------------------------
> > >
> > > On 20 Dec 2000, at 11:16, Bill Conner wrote:
> > >
> > > Date sent: Wed, 20 Dec 2000 11:16:18 -0800
> > > To: Multiple recipients of list ORACLE-L
Received on Wed Dec 20 2000 - 20:21:28 CST

Original text of this message